Google skips tax on £1.6 b earning
Google has not paid any tax on its £1.6 billion advertising revenues in Britain last year, a media report says.
Citing accounts filed with Companies House in the past week, it said, “Google’s 2008 UK corporation tax bill amounted to just £141,519 — and that was tax on the interest generated by its cash pile in UK bank deposits.”
Vince Cable, deputy leader of Liberal Democrats, urged Google to “pay its fair share” of tax. “Google’s reputation will be severely damaged if it continues to behave in this way. It is ducking its social responsibility,” Cable told the Sunday Times.