Article 124QJ George Osborne insists Google's UK tax deal is 'major success'

George Osborne insists Google's UK tax deal is 'major success'

by
Rowena Mason, Matthew Weaver and Stephanie Kirchga
from on (#124QJ)

Chancellor brushes off widespread criticism of deal by arguing that internet giant had previously paid no tax in UK

George Osborne has repeated his controversial claim that the UK's tax deal with Google is a "major success" despite a widespread backlash against the 130m agreement for being too lenient.

The chancellor was criticised after hailing the deal as a victory for HM Revenue & Customs over the weekend, with Labour claiming it amounted to an effective tax rate of around 3% - compared with the corporation tax rate of 20%.

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