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







Science & Technology

Driverless Vehicle For Its Ride-Sharing Service Unveiled By GM’s Cruise

Amazon will allow customers to pay with palms instead of cards

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

China to deploy giant Beidou global navigation system in 2020

VW Zwickau factory is getting ready for electric cars production

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

World Politics

World & Politics

UK adds Greenpeace, PETA to extremist organizations list

Indonesia, UAE sign nearly $23B deal

US to respond to Iran’s attacks on US bases in Iraq

Irish Passport issues hit record in anticipation of Brexit

Reporters Without Borders calls to release Julian Assange

IMF allocates Ecuador $ 500 mln more to support reforms

French pension reform chief to resign

Poland refuses to join EU 2050 climate deal