[New post] EC says Google’s $185M tax deal with UK government may be illegal, likely to be investigated

Ben Lovejoy posted: " The European Commission says that the £130M ($185M) tax deal struck between Google and the UK government may amount to "illegal state aid" by offering the company better terms than those available to smaller businesses. Google first came under fire" Respond to this post by replying above this line New post on 9to5Google EC says Google’s $185M tax deal with UK government may be illegal, likely to be investigated by Ben Lovejoy The European Commission says that the £130M ($185M) tax deal struck between Google and the UK government may amount to "illegal state aid" by offering the company better terms than those available to smaller businesses. Google first came under fire for its tax arrangements in the UK in early 2013, when it was accused of funneling profits from UK Adword sales through Ireland, resulting in the company paying just £6M ($8.5M) tax on a turnover of £395M ($565M). In the new deal, it agreed to change its accounting practices to pay more tax in the UK, and to pay a lump sum in back tax ... Read more of this post Ben Lovejoy | January 28, 2016 at 5:19 am | Tags: European commission, European Union, Google, Google tax, Ireland, Margrethe Vestager, tax, UK | Categories: Google Corporate | URL: http://wp.me/p1w6tN-xUV Comment    See all comments Unsubscribe to no longer receive posts from 9to5Google. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://9to5google.com/2016/01/28/ec-says-googles-185m-tax-deal-with-uk-government-may-be-illegal-likely-to-be-investigated/ Thanks for flying with WordPress.com