Daily Management Review

Google Is Under The U.K. Tax Radar For ‘£36.4m’ For 2016


03/31/2017


Google agrees to pay the balance tax amount for 2016.



Last year, Google has had to pay an amount of “£36.4m” in the United Kingdom, reveals a statement coming from Alphabet, the latter being the parent company of Google.
 
Various tech giants were subject of scrutiny in regard to their “tax practices” which reflected in various countries, among them the notable ones are Apple which had an order of paying back a tax amount of “€13bn” to Ireland as a result of an investigation carried out by the European Commission.
 
However, Google seem to have agreed to make a tax payment of “£130m” after carrying out discussions with the tax authorities of the United Kingdom, while according to “many” the figure turns out to be “lenient”. While, Google stated:
“As an international business, we pay the majority of our taxes in our home country, as well as all the taxes due in the UK. We have recently announced significant new investment in the UK, including new offices in Kings Cross for 7,000 staff.”
 
Out of the total amount, “£25m” for the taxes of 2016 has already been paid, nevertheless, Google confirmed that the rest of the payment will follow in the “coming months”. While Digitallook adds:
“The government has plans to reduce how much tax corporations pay, from the level of 20% that they currently hand over, to around 17%”.
 
References:
http://www.digitallook.com







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