Google will pay the UK $185 million in back taxes
The move is no doubt welcome, although the government would argue that it’s overdue. Google made $18 billion in UK revenue just between 2006 and 2011, but it only paid $16 million in corporate tax over the same period — clearly, something was amiss. And this likely isn’t the end of the company’s trouble, either. Both other European nations and the US believe that companies like Google are using creative accounting to avoid paying taxes across the globe, so it’s possible that the search pioneer could owe a lot more when all is said and done.
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