MP wants Google to explain its low UK tax bill
Google could be asked to explain their taxpaying affairs by MPs after it paid just £6m on a turnover of £395m last year. By shifting the money around, with most of it ending up in Bermuda via Ireland, the internet giant is able to keep its tax bill low and its profits high.
John Mann MP has described it all as being “entirely improper and immoral” and hopes to call Google bosses before the Treasury Select Committee (of which he is a member) before next Easter.
But as Google is seemingly operating within the law, is there any point in hauling its bosses before the committee? Should the priority not be investigating the loopholes and set about closing them?
Do you genuinely give a toss whether the likes of Google and Amazon play the system in order to keep their tax bills low? Or are you happy to boycott them until they show some social responsibility in the markets where they operate? Tell us, using as many syllables as you can muster…