Google has reached an agreement with the UK authorities on the payment of £ 130 million (over US $ 185 million) in compensation for underpaid for ten years taxes, reports Financial Times.
The British tax authorities considered that due registering a company in Ireland, Google entered into “aggressive” tax evasion. Authorities accused the corporation of immoral behavior, as in 2013, for example, Google has paid only £ 20,5 mln taxes despite receiving UK income in excess of $ 5.6 billion.
The publication notes that the agreement could an important precedent, as other European countries are also unhappy with the policy of tax optimization Goolge and other multinationals.
In December, London announced that it will bring to the transnational companies received tax profit in the UK, which is derived from the country. The amount of tax will be 25%. The Ministry of Finance expects that the tax will bring about £ 1 billion budget over 5 years. The tax was called Diverted Profit Tax, however, is also called “tax Google» in honor of the company, which (along with Apple, Amazon and others) accused of using various loopholes in the legislation for the withdrawal of profits from the UK.
According to the Financial Times, the US IT-companies have paid UK £ 54 million in 2012, while their total sales to British customers amounted to about $ 15 billion. The total rate of corporate income tax in the UK is 21%, many companies in this regard derive profits to Ireland where the rate is 12,5%.
The European Commission has repeatedly criticized the number of European countries and territories for the creation of overly favorable tax regime for businesses, including large companies. Brussels believes that member states have chosen Enterprise “State support”, as it is forbidden rules of the organization.
In particular, criticism of the tax scheme in which through a series of manipulations of multinational legally became a “double Irish Dutch sandwich “, which wrote RBC.
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