Press Esc to close
Saturday 25 October 2014
News updated at 1:18 AM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

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
College students walk in drizzle in Srinagar…

College students walk in drizzle in Srinagar…

People wait as three wild elephants cross…

People wait as three wild elephants cross…

Army soldiers display arms and ammunition recovered…

Army soldiers display arms and ammunition recovered…

Army Personnel inspecting their damaged vehicle…

Army Personnel inspecting their damaged vehicle…

Army personnel take positions during an encounter…

Army personnel take positions during an encounter…

Union Home Minister Rajnath Singh inspecting…

Union Home Minister Rajnath Singh inspecting…

Residents look for their belongings after a fire…

Residents look for their belongings after a fire…

Rush at Moradabad Railway Station on the eve of Bhai Dooj…

Rush at Moradabad Railway Station on the eve of Bhai Dooj…

Devotees collecting Puja Pasadam during Govardhan Puja…

Devotees collecting Puja Pasadam during Govardhan Puja…

Sikh religious warriors display their skills as they ride…

Sikh religious warriors display their skills as they ride…

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