Google to be hit with huge tax bill
Search engine giants Google are due to be hit with a huge tax bill. The Daily Mail report that Google are due to pay at least £24 million in backdated tax further to a review by HMRC.
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.
Google said: ‘Like most multinationals, we pay the bulk of our corporate tax bill where our business originated – in our case the US. We’re a significant contributor to the UK economy having created over 2,000 jobs’
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