Google ?130m UK back-tax deal lambasted as ‘derisory’ by expert

Google’s attempt to counter criticism of its tax arrangements by agreeing to make a back payment of ?130m in the UK unravelled after claims that the internet giant had effectively paid an annual rate of corporation tax of just 2.77% over the last decade. Most British businesses currently pay corporation tax on 20% of their profits. But even after the extra payment, the internet giant is said to have paid just ?200m in tax since 2005, on estimated profits in the UK of ?7.2bn.

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