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Britain imposes ‘Google tax’ to make tech titans pay dues: Multinationals including Facebook and Google face 25% levy on UK profits
Thursday, December 4, 2014 8:26
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Technology giants that avoid paying into Treasury coffers will be hit with a new ‘Google tax’, George Osborne said yesterday.
From April, multinationals including Google and Facebook will face a 25 per cent tax on profits generated from their economic activity in the UK.
The crackdown will focus on the form of tax dodging widely used by technology firms in which ‘elaborate structures’ are used to shift profits from higher-tax countries to those with lower levies.
However, firms may simply avoid the higher new charge by paying more corporation tax at 21 per cent …. http://www.dailymail.co.uk
Source: http://luismmx.blogspot.com/2014/12/britain-imposes-google-tax-to-make-tech.html
