UK lawmakers dismiss Google tax deal as too small


  • TECH
  • Thursday, 25 Feb 2016

Big earner: Google generated around £24bil (RM140.72bil) of revenue in Britain between 2005 and 2015. — Reuters

LONDON: A panel of British lawmakers criticised a back-tax deal between Google and UK tax authorities on Feb 24, calling it "disproportionately small" and branding the company's explanation of its tax planning as disingenuous. 

The Public Accounts Committee, which scrutinises public spending, also criticised the tax authority, saying it appeared "to have settled for less corporation tax from Google than other countries are willing to accept". 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Robinhood Crypto gets Wells notice from US SEC
Trump Media dismisses auditor BF Borgers amid SEC fraud charges
Grayscale Bitcoin Trust's shares jump after first inflow since January
Lamborghini bros no more: Crypto is creating a new wealth effect
Amazon driver fatally shoots person trying to steal vehicle at gunpoint, US cops say
Microsoft ties pay for top bosses to meeting cybersecurity goals
JPJ: Bjak not authorised to offer road tax renewal services
TikTok’s boss goes from reserved tech exec to Met Gala chair
The bystander’s role is changing in the era of livestreaming. North Carolina’s standoff shows how
Warren Buffett says AI may be better for scammers than society. And he’s seen how

Others Also Read