Google has struck a deal with UK tax authorities to pay £130 million in back taxes. The move comes after a six year investigation by the British government and recent increasing clamp-down on tax avoidance by multinational companies.
New corporate tax measures aimed at preventing multinational companies making profits in the UK and then shifting them overseas where they incur lower taxes could potentially impact a number of tech companies, including Google, Apple and Amazon.
Dubbed “the Google tax,” the British government announced a new 25% tax on profits generated in the UK and then “artificially shifted” overseas, reports the BBC … Expand Expanding Close
Google is arguing that any case should be held in the U.S., and that UK courts have no jurisdiction in the matter. It also observes that a similar claim in the USA was dismissed two months ago.
Google has been called “arrogant and immoral” for arguing that a privacy claim brought by internet users in the UK should not be heard by the British legal system […]
In the first group claim brought against Google in the UK, the internet firm has insisted that the lawsuit must be brought in California, where it is based, instead of a British courtroom … Expand Expanding Close