Monday, January 06, 2014

Google could face multi-million pound bill after paying just £11.6 million in tax in 2012...

Google is to be hit with a multi-million pound bill as the taxman steps up the fight against aggressive tax dodging in Britain.

The American internet giant is expected to pay at least £24million in backdated tax following a review of its operations by HM Revenue & Customs.

It follows an angry backlash against the company over its tiny tax bill.

Google paid just £11.6million in corporation tax in Britain in 2012 despite sales here of £3billion and profits of nearly £900million.

Other multinational companies have also come under fire for reducing their tax bills including Starbucks, Amazon and Facebook. Full story...

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