Monday January 25, 2016

Google To Face Grilling By UK Lawmakers Over Tax Deal

UK lawmakers aren't too happy with what they are calling a "cozy" tax deal Google brokered to settle a ton of back taxes. Apparently a parliamentary committee has "invited" Google to testify about the particulars of the deal.

A UK parliamentary committee will invite Google to testify about a back tax deal under which it will pay 130 million pounds ($185.61 mln) to settle claims covering a 10-year period آ– an amount the opposition Labour party has described as derisory. Meg Hillier, the Labour party chairwoman of the Public Accounts Committee, tweeted at the weekend she would call Google, now part of holding company Alphabet Inc, and the UK tax authority to explain the "cosy deal".

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