Anorak | Google, Amazon And Facebook Will Just Get Away With It

Google, Amazon And Facebook Will Just Get Away With It

by | 22nd, January 2014

WE’VE been having all sorts of lovely fun the last couple of years as people uncover the stories about how little the various internet companies pay in tax. Google sells everything in from Ireland, as does Facebook, meaning that they pay tax on their UK profits over there. Well, with a cure deal that lets them send all their profits to Bermuda without tax. Amazon does much the same from Luxembourg: meaning that the poor old British taxman never sees a penny in tax on the profits being made in the UK.

All of this is, of course, entirely legal. So, the call has been that the law must be changed so that these companies are paying more tax. And everyone went off to the OECD (the club for rich countries) and they said OK, we’ll have a look at it.

The result ?

You have already read 1 premium article for free today
Access immediately the premium content with Multipass

Or come back tomorrow

Posted: 22nd, January 2014 | In: Money, Technology Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink