Sunday, January 24, 2016

Google pays £130m in back taxes in the UK

Google will be paying £130 million for a period dating back to 2005. Google, among others, has been accused of avoiding taxes in the UK, thanks to its multinational tax structure, with EU headquarters in Ireland, where corporate taxes are lower than the UK, and also holding offices in corporate tax heaven Bermuda. This has lead to the company paying just £20.4 million in taxes on sales valued at £3.8 billion in 2013.





















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