Sunday, December 20, 2009

Tax avoidence for Google in the UK

Google is managing to avoid paying tax in Britain.

According to a story in this morning's Sunday Times,it did not pay any tax on its £1.6 billion advertising revenues in Britain last year.


The firm, which has a substantial presence in London, diverted all its advertising earnings from customers in Britain to its Irish subsidiary.

It paid according to its Company House accounts,£141,519 which was tax on the interest generated by its cash pile in UK bank deposits.

No comments: