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13/06/2013
Investigation Urged Into Tax Arrangements At Google
The Public Accounts Committee (PAC) has said that the tax arrangements of internet giant Google, should be fully investigated.
The PAC have called on HM Revenue and Customs to "fully investigate" the company, who have defended their tax arrangements saying that advertising sales take place in Ireland, which has lower tax than the UK.
However, information provided by whistleblowers is said to reveal that UK-based Google staff are also involved in sales.
Between 2006 and 2011, the company generated £11.5bn ($18bn) in revenue in the UK, on which they paid just £10m ($16m) in corporation tax.
A focus on the UK tax arrangements of large international companies is said to have left confidence in HMRC "weakened".
The controversy surrounds multinational companies ability to move profits from country to country, benefiting from more favourable tax levels.
(MH/CD)
The PAC have called on HM Revenue and Customs to "fully investigate" the company, who have defended their tax arrangements saying that advertising sales take place in Ireland, which has lower tax than the UK.
However, information provided by whistleblowers is said to reveal that UK-based Google staff are also involved in sales.
Between 2006 and 2011, the company generated £11.5bn ($18bn) in revenue in the UK, on which they paid just £10m ($16m) in corporation tax.
A focus on the UK tax arrangements of large international companies is said to have left confidence in HMRC "weakened".
The controversy surrounds multinational companies ability to move profits from country to country, benefiting from more favourable tax levels.
(MH/CD)
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