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Old 01-26-2016, 02:10 PM   #1
Rizla
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Google £130m UK back-tax deal lambasted as ‘derisory’ by expert
Google £130m UK back-tax deal lambasted as ‘derisory’ by expert

Quote:
Google’s attempt to counter criticism of its tax arrangements by agreeing to make a back payment of £130m in the UK unravelled after claims that the internet giant had effectively paid an annual rate of corporation tax of just 2.77% over the last decade. Most British businesses currently pay corporation tax on 20% of their profits. But even after the extra payment, the internet giant is said to have paid just £200m in tax since 2005, on estimated profits in the UK of £7.2bn.
So Google has back-negotiated a 2.77% tax-rate for the last 10 years. Is it reasonable or just that a huge corporation making billions should pay less tax than an individual earning an average salary?
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Old 01-26-2016, 02:17 PM   #2
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You (rhet.) want corporations to stop using tax loopholes, stop making the tax loopholes legal.

Bunch of whiny politicians.

...

We've all been through this before, multiple times.
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Old 01-26-2016, 02:32 PM   #3
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Take it to the P&R forum.

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