Google is about to pay THREE times as much tax in France than UK | Daily Mail Online
Google's worldwide web of tax loopholes: Osborne under fire as Google is set to pay THREE times as much tax in France - even though it employs thousands more people and does more business in Britain
Google is set to pay three times more back tax to France than the UK, despite making three times as much money and employing four times more staff in its British outpost (pictured)
Google is set to pay three times more back tax to France than the UK, despite making three times as much money and employing four times more staff in its British outpost (pictured)
The Government was today accused of incompetence after agreeing Google could pay £130milllion in tax even though the web giant is about to hand over three times more in France.
Aggressive French officials are close to getting £380million from Google even though Britain is its biggest market outside the US and employs thousands more people than in France.
Paris tax bosses have refused to accept Google's ploy of funnelling its international sales via Dublin to benefit from Ireland's lower tax rate.
George Osborne hailed the £130million deal as a 'victory' for the taxpayer but critics branded it 'derisory' because Google has made around £6billion in profit in the UK in the past decade.
Yesterday even Downing Street distanced itself from the Chancellor's claims and the agreement is now going to be subject to three inquiries.
Both Google and HM Revenue and Customs are now set to be hauled in front of MPs to explain the deal, after the Commons public accounts committee and the Treasury committee last night launched separate inquiries.
Sources at the National Audit Office revealed they are also poised to investigate the deal.
HMRC officials have taken six years to get the the internet giant to pay back just £130million to cover a decade of back-taxes.
This means they have been taxed at a rate that may be as low as 3 per cent - although the Government is still refusing to disclose what they charged them for 'confidentiality' reasons, minister David Gauke said yesterday.
Google is set to pay three times more back tax to France than the UK, despite making three times as much money and employing four times more staff in its British outpost (pictured)
Google is set to pay three times more back tax to France than the UK, despite making three times as much money and employing four times more staff in its British outpost (pictured)
The Government was today accused of incompetence after agreeing Google could pay £130milllion in tax even though the web giant is about to hand over three times more in France.
Aggressive French officials are close to getting £380million from Google even though Britain is its biggest market outside the US and employs thousands more people than in France.
Paris tax bosses have refused to accept Google's ploy of funnelling its international sales via Dublin to benefit from Ireland's lower tax rate.
George Osborne hailed the £130million deal as a 'victory' for the taxpayer but critics branded it 'derisory' because Google has made around £6billion in profit in the UK in the past decade.
Yesterday even Downing Street distanced itself from the Chancellor's claims and the agreement is now going to be subject to three inquiries.
Both Google and HM Revenue and Customs are now set to be hauled in front of MPs to explain the deal, after the Commons public accounts committee and the Treasury committee last night launched separate inquiries.
Sources at the National Audit Office revealed they are also poised to investigate the deal.
HMRC officials have taken six years to get the the internet giant to pay back just £130million to cover a decade of back-taxes.
This means they have been taxed at a rate that may be as low as 3 per cent - although the Government is still refusing to disclose what they charged them for 'confidentiality' reasons, minister David Gauke said yesterday.
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