PC Pals Forum
Technical Help & Discussion => General Tech Discussion, News & Q&A => Topic started by: Simon on August 08, 2012, 21:47
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Google is set to pay only £6.09 million in UK taxes despite raking in nearly £400m in revenue from its British operations.
The search giant, which employs 1,300 staff in the UK, angered MPs last year when it paid £935,000 tax on £2.39bn revenue, and is likely to face fresh criticism over this year's contributions.
The figures were initially reported by the The Telegraph as profit in the billions of pounds, but Google has corrected those figures, saying it will pay £6.09m in taxes this year on £395m in revenue.
The figure contrasts with its end-of year filing to the SEC, which said Google earned $4bn in revenues in the UK "based on the billing addresses of our customers". That differential isn't new: last year, an Evening Standard report showed Google had made more than £6bn in the UK, but claimed revenue of £526m and was taxed £8.2m.
Google promised more details about this year's taxes would follow in a filing due to be released "imminently".
Read more: http://www.pcpro.co.uk/news/376279/google-paid-only-6m-in-uk-tax
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They are all at it from the PM down. The only people who pay their fair share of tax are idiots such as ourselves! :bawl:
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Too bloody true!
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Indeed. The problem is the law. Its just clever with too may caveats. It should be simple. You pay tax. If you are business at this rate, if you are person this rate. If you earn this much you pay this percentage (with a scale). Now how hard does that sound?
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Too easy. That's the problem. The people who make things difficult would then be out of a job. ::)