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.
Continue reading...