Parliament’s powerful spending watchdog today formally castigates the internet giant Google for a “brazen” and “unconvincing” attempt to avoid paying its fair share of UK tax.In a damming report, the Public Accounts Committee (PAC) called on HM Revenue & Customs to “fully investigate” the company, after concluding it had used “highly contrived” tax arrangements with the sole purpose of avoiding corporation tax on its multibillion-pound UK revenues.
www.independent.co.uk/money/tax/watchdog-accuses-internet-giant-google-of-failing-to-pay-its-fair-share-of-tax-8656231.htmlAlso see:MPs recommend comprehensive inquiry into Google’s ‘unconvincing’ tax affairs
Google should face a comprehensive inquiry into its tax affairs from HM Revenue & Customs, a committee of MPs says, after concluding that the internet giant’s tax arrangements were “deeply unconvincing” and that the company’s own account of its operations made “absolutely no sense”.A report from the all-party public accounts committee concluded that the search engine giant – under pressure over its low payments of corporation tax – uses financial arrangements with the intent of avoiding handing over money to the exchequer running into the billions.
http://www.guardian.co.uk/technology/2013/jun/13/google-face-tax-inquiry-mps
UK watchdog accuses internet giant Google of failing to pay its fair share of tax
Parliament’s powerful spending watchdog today formally castigates the internet giant Google for a “brazen” and “unconvincing” attempt to avoid paying its fair share of UK tax.