.png)
.png)
Did Google receive favourable treatment or was it following the tax rules?
KEY POINTS
- Companies have to pay PAYE National Insurance and VAT as well as corporation tax.
- Employees do not create a taxable presence in the UK.
- The UK has one of the lowest corporation tax rates in the world.
- Moral duty to pay tax or a legal obligation?
There has been a great deal of press comment about the fact that Google will be settling its past UK corporation tax liability by paying £130m. The general view appears to be that this is not enough – some of it ill-informed outrage and some of it at least based on guesstimated figures as to Google’s UK taxable profits in the relevant period.
Perhaps though it is time to cut through the misinformation and ignorance and consider the facts. As a tax...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
