Quote:
Originally Posted by dyna mo
Google pays taxes in UK, as well as all the others. In fact, it's called the Google Tax:
Britain’s take from the so-called “Google tax” rose nine-fold to £281m in 2016-17, after 14 companies were hit by the contentious levy on profits diverted overseas.
In the first statistics to show the impact of the “ diverted profits tax”, HM Revenue & Customs said on Wednesday that the yield had been slightly higher than estimated when it was introduced in 2015, amid opposition from US technology companies and other groups.
George Osborne, the former chancellor, introduced the levy in 2015 in an effort to crack down on multinational companies engaged in tax avoidance by shifting profits overseas that were originally generated in Britain.
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And pre 2015? The moneys been accumulating for years, hence why I keep telling you its a one off event. Sure there's still money coming back but NOTHING like the cash windfall they just had. Of course you will note all economic forecasts and stats have noted this in the USA.
ooops