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Google tax avoidance schemes come under scrutiny in UK

Monday 13 August 2012 | 09:59 CET | News
Google chiefs may have to explain themselves regarding their tax avoidance schemes to UK MPs, the Independent reported. A member of the Treasury Select Committee called the company's practices, which saw it pay GBP 6 million in tax on revenues at GBP 395 million in 2011, "entirely improper and immoral" and said he expects a Google executive to be called before MPs by next Easter. The report follows revelations that a complex series of transactions saw Google move most of the money it makes into the tax haven Bermuda, paying a minimal sum in the UK. A petition demanding it pay its "fair share"

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Categories: Internet
Companies: Google
Countries: United Kingdom
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