[New post] Google’s £130M deal with UK taxman was “disproportionately small,” says public spending watchdog

Ben Lovejoy posted: " The Public Accounts Committee, the British Parliament's public spending watchdog, has criticized the £130M ($185M) tax deal Google struck with the UK government as "disproportionately small." The committee also criticized the secrecy around how the su" Respond to this post by replying above this line New post on 9to5Google Google’s £130M deal with UK taxman was “disproportionately small,” says public spending watchdog by Ben Lovejoy The Public Accounts Committee, the British Parliament's public spending watchdog, has criticized the £130M ($185M) tax deal Google struck with the UK government as "disproportionately small." The committee also criticized the secrecy around how the sum was calculated, reports the Guardian. Google's controversial tax deal cannot be properly assessed by MPs because of secrecy surrounding the negotiations, according to a report by parliament's public spending watchdog. But the deal to pay £130m in back taxes for a 10-year period seems "disproportionately small when compared with the size of Google's business in the UK", the public accounts committee has found. A report published today calls for more to be done to prevent "aggressive [tax] avoidance" by multinational companies, with Google accused of hypocrisy ... Read more of this post Ben Lovejoy | February 24, 2016 at 6:56 am | Tags: £130M, Europe, European commission, European Union, Google, Google tax, Google tax avoidance, Google tax controversy, HM Revenue and Customs | Categories: Google Corporate | URL: http://wp.me/p1w6tN-yGl Comment    See all comments Unsubscribe to no longer receive posts from 9to5Google. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://9to5google.com/2016/02/24/google-130m-tax-too-small/ Thanks for flying with WordPress.com