Google has taken a lot of heat for agreeing to pay back just £130 million in back taxes covering the last decade. But who is really to blame?
Google has been widely criticised for paying a meagre £130 million in back taxes to cover the past decade.
Following a six-year open audit into the company’s tax activity since 2005, HMRC concluded that Google’s actions were legal so it will not impose a penalty on the online giant in the form of tax on profits from advertising sold in the UK.
Boris Johnson has come out and said that Google is not to blame for the paltry deal. He argues that it’s the Government’s fault for the way it structures the tax system.
What about you? Who you think is to blame for the tiny tax bill?
Put your money into a tax-free Cash ISA
The latest from loveMONEY:
Use these tax breaks NOW before they disappear forever
Would you go on holiday to somewhere hit by terrorism?