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U.K. watchdog demands probe into Google tax wow gold us affairs
Google should be investigated by the U.K. tax authority HM Revenue and Customes over its tax affairs, according to a parliamentary watchdog.The search giant came under heavy criticism from the U.K. Public Accounts Committee today for only paying $16 million in tax to HMRC on turnover of $18 billion between 2006 and 2011.Google achieved this by basing its operations for Europe, the Middle East and Africa in wow gold eu Ireland, which has a corporation tax rate of 12.5 percent, less than half the 28 percent rate in the U.K. It then reduced its Irish tax liabilities by sending cash to Bermuda via a Dutch holding company.Read more of "Google: UK politicians demand tax investigation" at ZDNet.
U.K. watchdog demands probe into Google tax affairs

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