Google agrees to pay British authorities £130m in back taxes
by Kevin Rawlinson from Technology | The Guardian on (#11J7C)
Firm will pay back a decade's worth of taxes and bear greater tax burden in future to compensate for underpayment of UK taxes
Google has agreed a deal with British tax authorities to pay 130m in back taxes and bear a greater tax burden in future. The deal will cover a decade of underpayment of UK taxes by the company, which has been criticised in the past for its tax avoidance policies.
The company has previously defended its record, telling a US Senate inquiry last year that it was "simply the way the global tax system is working" and that the issue was for politicians to fix.
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