Internet giant are accused of paying 24 times less corporation tax than they should have done — a major hit to public services
Source: Graham Hiscott
Web giant Google has been accused of avoiding enough UK corporation tax last year to give our flatlining NHS 60,000 more nurses.
The £1.5billion estimate by campaign group the Tax Justice Network, in an analysis for the Mirror, is based on the firm booking all UK sales here rather than apparently diverting them abroad.
The potential shot in the arm for our public services would be almost 24 times the £67million Google says it actually paid in corporation tax in 2018.
The claims come after Google agreed a deal with HMRC in 2016 to hand over £130million in back taxes following an outcry at how little it had been paying.
At the time, the company said: “We will now pay tax based on revenue from UK-based advertisers, which reflects the size and scope of our UK businesses.”
Shadow Chancellor John McDonnell slammed the US firm, whose parent company Alphabet has a stock market value of around £645billion, as he vowed that Labour would make global giants “pay their way”.