Press Esc to close
Sunday 07 February 2016
News updated at 1:57 PM IST
Weather
Max: 32°C
Min : 18°C
In Bengaluru
Partially cloudy

Google skips tax on £1.6 b earning

Last updated: 20 December, 2009
London, Dec 20, (PTI):

Google has not paid any tax on its £1.6 billion advertising revenues in Britain last year, a media report says.

“Google, whose informal corporate motto is ‘don’t be evil’, did not pay any tax on its £1.6 billion advertising revenues in Britain last year,” the Sunday Times reported. Google legally avoided paying more than £450 million in corporation tax to HM Revenue & Customs in 2008, as it diverted all its advertising earnings from customers in Britain to its Irish subsidiary, the newspaper said.

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.


Go to Top

Photo Gallery
CRPF women wing showing their skills at Lucknow Mahotsav on Saturday...

CRPF women wing showing their skills at Lucknow Mahotsav on Saturday...

Cricketer Mahendra Singh Dhoni celebrating the first birthday of his daughter Ziva...

Cricketer Mahendra Singh Dhoni celebrating the first birthday of his daughter Ziva...

Supporters of the lesbian, gay, bisexual and transgender community attend the 'Pride March'...

Supporters of the lesbian, gay, bisexual and transgender community attend the 'Pride March'...

Guest lecturers staged a protest in front of District in charge minister Qamarull Islamaaos house...

Guest lecturers staged a protest in front of District in charge minister Qamarull Islamaaos house...

Participants perform yoga during the “Yoga Festival celebration of Peace & Harmony”...

Participants perform yoga during the “Yoga Festival celebration of Peace & Harmony”...

Indian swimmer Shivani Kataria shows her gold medal that she wom in women's 200-metre freestyle...

Indian swimmer Shivani Kataria shows her gold medal that she wom in women's 200-metre freestyle...

Gold Medal winner Priyanka Singh of India (C), silver medal winner SPS Niroshani of Sri Lanka (L)...

Gold Medal winner Priyanka Singh of India (C), silver medal winner SPS Niroshani of Sri Lanka (L)...

Gold medal winner Harshdeep of India, silver medal winner Chamari Mendis...

Gold medal winner Harshdeep of India, silver medal winner Chamari Mendis...

India's Guru Raja competes to win gold in the 56 kg men's weightlifting event...

India's Guru Raja competes to win gold in the 56 kg men's weightlifting event...

Gold medal winner in 30 kilometre cycle race Bidyalaxmi Tourangbam (C), silver medal winner Chaoba..

Gold medal winner in 30 kilometre cycle race Bidyalaxmi Tourangbam (C), silver medal winner Chaoba..

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523