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02-24-2016, 04:20 PM
Google's tax deal with UK is 'disproportionately small'
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LONDON — The amount of money Google paid the UK in a controversial tax deal earlier this year was "disproportionately small," MPs said Wednesday
The report (http://www.publications.parliament.uk/pa/cm201516/cmselect/cmpubacc/788/78802.htm) from the Public Accounts Committee follows public anger over a £130 million pound ($180 million) tax settlement the company made with British authorities
See also: Google to pay millions in British back taxes as criticism mounts worldwide (http://mashable.com/2016/01/24/google-millions-taxes-britain/?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=)
"The sum paid by Google seems disproportionately small when compared with the size of Google’s business in the UK, reinforcing our concerns that the rules governing where corporation tax is paid by multinational companies do **t produce a fair outcome," the House of Commons committee, which performs the role of a watchdog, said in the report Read more... (http://mashable.com/2016/02/24/google-tax-settlement-pac/)
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LONDON — The amount of money Google paid the UK in a controversial tax deal earlier this year was "disproportionately small," MPs said Wednesday
The report (http://www.publications.parliament.uk/pa/cm201516/cmselect/cmpubacc/788/78802.htm) from the Public Accounts Committee follows public anger over a £130 million pound ($180 million) tax settlement the company made with British authorities
See also: Google to pay millions in British back taxes as criticism mounts worldwide (http://mashable.com/2016/01/24/google-millions-taxes-britain/?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=)
"The sum paid by Google seems disproportionately small when compared with the size of Google’s business in the UK, reinforcing our concerns that the rules governing where corporation tax is paid by multinational companies do **t produce a fair outcome," the House of Commons committee, which performs the role of a watchdog, said in the report Read more... (http://mashable.com/2016/02/24/google-tax-settlement-pac/)
More about Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Uk (http://mashable.com/category/uk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tax (http://mashable.com/category/tax/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/nIa_qpsvqvA