The Traderszone Network

Published in TZ Latest News 23 January, 2016 by The TZ Newswire Staff

Google to pay $185 million UK back taxes, critics want more

Google has agreed to pay 130 million pounds ($185 million) in back taxes to Britain, prompting criticism from opposition lawmakers and campaigners who said the “derisory” figure smacked of a “sweetheart deal”. Google, now part of Alphabet Inc (GOOGL.O), has been under pressure in recent years over its practice of channeling most profits from European clients through Ireland to Bermuda, where it pays no tax on them.

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