Submitted on Monday 25th January 2016
Published on Friday 29th January 2016
Current status: Closed
Closed: Friday 29th July 2016
Signatures: 5,520
Call for a vote of no confidence in George Osborne.
At the end of last week, Google agreed to pay the UK treasurer £130 million in back taxes, covering the period since 2005, and to also pay higher taxes in the future. UK Chancellor George Osborne hailed it as a "major success." The numbers disagree.
Google’s UK revenue in 2013, as reported by the BBC, was £3.8 billion. If they were to properly account for its UK profits, & its global profit margin of 20-something percent holds true, it would have made something close to £760 million in 2013. At the UK corporate tax rate of 20 percent, that would result in a tax bill of £152 million, but Google paid only £20.4 million that year. That's an effective tax rate of just over 2.5 percent.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
3.144.90.108 Thu, 21 Nov 2024 10:37:14 +0000
