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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Correct, and the google tax as it became known was created in response to the practices that I described.
Before the google tax it was open season. Google got caught and there was demands for a response from Government.
However the cash mountains that Trump allowed to be brought into the US were built in the years up to 2015.
And this is just the UK. Multinationals, especially those in tech whose product is non-tangible, behave in this way all over the globe.