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Anorak | The Guardian fails to understand Google’s taxes

The Guardian fails to understand Google’s taxes

by | 1st, October 2013

A quite wonderful piece of failure here by The Guardian on the subject of Google’s taxes today.

They’ve noticed that Google doesn’t pay very much tax in the UK. OK, fine, but the figures that they then use to illustrate this show that Google might well be paying too much in tax in the UK. No, really :

Google paid just £11.6m in UK corporation tax last year, despite revenues of £506m and a £36.8m profit, according to documents filed at Companies House.

It followed a payment of £6.1m in 2011, for which the company posted a £24.1m loss on a £395m turnover.

They keep changing the corporation tax rate on me but I think it was 26% in the year we’re talking about here. So, if Google made a pre-tax profit of

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Posted: 1st, October 2013 | In: Money Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink