MPs attack deal to let Google to pay 'relatively trivial' £130m back taxes
by Chris Johnston from Technology | The Guardian on (#11KMP)
Shadow chancellor questions deal and says he will ask George Osborne for details of the deal in the Commons on Monday
Senior MPs have condemned Google's deal to pay 130m in back taxes in the UK as derisory, with Labour calling for a National Audit Office investigation into the "trivial" settlement.
The search giant said on Friday it had struck an agreement with HM Revenue and Customs to pay tax that it has owed since 2005. Significantly, the company will also now start paying tax on revenue from UK-based advertisers.
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