Home Technology Google reveals latest UK tax bill

Google reveals latest UK tax bill

-

Google was charged £36.4m in UK corporation tax last year, according to its latest annual results.
The US search giant recorded sales of £1.03bn and a pre-tax profit of £149m in the UK for the 12 months to the end of June 2016.

Google and other major tech firms have come under pressure over their tax arrangements.

The firm paid about £25m in UK tax last year, but said it expected to make a further payment of about £12m.

Google’s accounts also showed it hired an extra 600 workers to take its UK workforce to nearly 3,000 last year.

A Google spokesman said: “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.”

Google agreed to pay £130m in back taxes to the UK last year, which was widely criticised as too lenient.

George Osborne, who was chancellor at the time, described the deal as a “victory”, while Labour’s John McDonnell said the sums were “trivial”.

source: bbc

Extra! Extra!

Get adomonline.com news delivered right to your inbox.



We will never share your email or spam you.