Article 12XR6 Google tax deal under fire as it emerges figure included share options scheme

Google tax deal under fire as it emerges figure included share options scheme

by
Phillip Inman Economics correspondent
from Technology | The Guardian on (#12XR6)

Filings by Google UK show that 33m of 130m related to share options, which it had argued were exempt from UK tax

George Osborne's claim that the government secured a major corporation tax deal with Google appear to be unravelling after it emerged that a quarter of the 130m recovered by HM Revenue & Customs related to the US company's share options scheme.

Filings by Google's UK subsidiary show that 33m of the funds paid to the Treasury followed a wrangle over share options handed to staff, which the US business had argued were exempt from UK tax.

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