Submitted on Thursday 4th February 2016
Published on Friday 12th February 2016
Current status: Closed
Closed: Friday 12th August 2016
Signatures: 9
Government must disclose all details regarding googles tax arrangement
Google PLC are known as "The largest company in the world". Due to vast profits partially generated in the UK. (10% - Ref 1). It is said that those with the broadest shoulders should be bearing the strain but the google tax deal reveals how hollow those words are. The deal should be exposed!
Ref 1. http://www.sec.gov/Archives/edgar/data/1288776/000128877615000023/goog10-qq12015.htm - This would make 10% of profits from the UK equal to 5.2 BILLION in profits in 2015. Attracting a tax liability of 1.04 BILLION for 2015 alone. However the deal of £130 MILLION for 10 years is just another in a long line of large corporations avoiding their responsibilities.
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