TaxCorporate TaxGoogle ducks UK tax bill

Google ducks UK tax bill

Internet giants switch advertising revenues to Ireland, losing HMRC £450m

Internet giant Google has been accused of “ducking its social responsibility”
after it was revealed the company avoided paying tax on its £1.6bn UK
advertising revenues.

Accounts filed at Companies House show the search engine specialist paid just
£141,519 in corporation tax in 2008, which was tax on the interest generated by
its UK bank deposits.

All its earnings from advertising hade been moved to its Irish subsidiary,
allowing it to legally avoid paying more than £450m to HMRC, the Sunday
Times
reported.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

7m Alia Shoaib, Reporter
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

8m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

8m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

8m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

10m Alia Shoaib, Reporter