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We have corporation tax as well as income tax for a reason. I'm no accountant or tax lawyer, but it's obvious Google are playing games with the UK. According t
by aes256 14y ago
We have corporation tax as well as income tax for a reason.
I'm no accountant or tax lawyer, but it's obvious Google are playing games with the UK. According to their own filings, they made $4bn from UK sales in the last financial year.
The representative yesterday shrugged it off and tried to make out all Google do in the UK is have a bunch of promotions/localization staff. They (Google UK Ltd) receive all their income from Google in Ireland, and end up reporting a loss, meaning they pay a nominal amount of tax to the UK tax authorities.
$4bn in sales from the UK market and they pay UK tax authorities around $5mn in tax.
That's why people are angry, and that's why their representative was getting laid into by MPs yesterday.