Anorak

Anorak | Whatever The Mail Says Google Just Isn’t Avoiding UK Tax

Whatever The Mail Says Google Just Isn’t Avoiding UK Tax

by | 25th, July 2014

Google’s UK accounts have been filed and thus, as sure as eggs is eggs, we’ve got the Waily Mail chuntering on about how appalling it is that the company is dodging all of this tax. Except the truth is that Google simply isn’t dodging, not avoiding and most certainly not evading, tax in the UK. It’s doing exactly what the law in general says it may do, what European law actually encourages it to do :

Google is facing fresh outrage over its meagre contribution to the UK taxman, after revealing it paid just £20million in corporation tax last year.

The California-based internet giant has faced stinging criticism for using a complex corporate structure that allows it to route UK sales through Ireland to slash its tax bill.

And the scheme appears to have again paid off.

Last night it revealed in accounts filed to Companies House that it paid £20.4million in

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

Or come back tomorrow



Posted: 25th, July 2014 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink