John Oates
The Register
Monday, Dec 21st, 2009
Google has been accused of swerving UK tax on the £1.6bn it makes in Britain.
To be fair, Google does pay some tax – about £140,000 on interest on cash in the bank held here. But its offshore status means it, quite legally, avoids paying £450m in corporation tax
Lib Dem deputy leader Vince Cable accused Google of not playing fair. He said the firm was ducking its social responsibilities, especially in a time of recession.
The search giant employs 770 people in the UK and makes 13 per cent of its revenues here, the Sunday Times reports.
Full article here
“When the people find they can vote themselves money, that will herald the end of the republic.” – Fall Of The Republic – Buy the DVD here
Print this page.
Comment Rules