Anorak | More Google tax dodging: and this time the might actually get done

More Google tax dodging: and this time the might actually get done

by | 22nd, November 2012

WE’VE had all sorts of people whining about how Google doesn’t pay enough tax, from MPs down to the fools at UK Uncut. There’s a problem with the complaints they are making, quite an obvious one. But here’s a story where Google might actually be forced to cough up :

Australia released draft revisions to tax laws on Thursday, which it said were designed to stop big firms, including the local arm of Google, from shifting their income to countries such as Holland or Ireland where the tax rates are lower.

What Google is doing in Oz is pretty much the same as it does here. Sure, they’ve engineers there as here, they sell ads there as here and there as here they say that actually, the ads are being sold from Ireland, not the UK or Oz. That way, the revenues from the ads go to Ireland and the profits taxed at 12.5%. Not at the UK or Oz rates.

Hmm. And it looks like Oz is changing the rules so they cannot do this. OK, good for Oz. But

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Posted: 22nd, November 2012 | In: Money Comments (3) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink