This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-35416812
The article has changed 15 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
MEPs want to question Osborne on 'bad' Google tax deal | |
(35 minutes later) | |
European MPs want George Osborne to explain the "very bad deal" that UK tax authorities have struck with Google. | European MPs want George Osborne to explain the "very bad deal" that UK tax authorities have struck with Google. |
The call adds to pressure on the chancellor from within the UK. | The call adds to pressure on the chancellor from within the UK. |
Google agreed last week to pay £130m in back tax to HM Revenue and Customs (HMRC), with an official saying that that was the "full tax due in law", | Google agreed last week to pay £130m in back tax to HM Revenue and Customs (HMRC), with an official saying that that was the "full tax due in law", |
But the vice chair of a European tax committee said the deal showed the UK was preparing "to become a kind of tax haven to attract multinationals". | |
French MEP Eva Joly said the settlement was "bad news for everybody" and told Radio 4's Today programme that MEPs would call the chancellor to appear before them. | |
Ms Joly, who is vice chair of the Special European Parliamentary Committee on Tax Rulings said: "We will ask him [Mr Osborne] to come and explain and I hope he will." | Ms Joly, who is vice chair of the Special European Parliamentary Committee on Tax Rulings said: "We will ask him [Mr Osborne] to come and explain and I hope he will." |
The committee will also call the head of Google to appear before it, she added, "because this is not fair competition". | The committee will also call the head of Google to appear before it, she added, "because this is not fair competition". |
The Italian finance minister can also expect a call to appear before the MEPs, according to Ms Joly. | The Italian finance minister can also expect a call to appear before the MEPs, according to Ms Joly. |
Reports in today's Times newspaper say Italy is poised to strike a far tougher tax deal with Google than the UK's. It refers to stories in Italian media that suggest Google will pay £113m in back taxes to the Italian government. The deal hasn't been completed so it is not known how many years it covers. | Reports in today's Times newspaper say Italy is poised to strike a far tougher tax deal with Google than the UK's. It refers to stories in Italian media that suggest Google will pay £113m in back taxes to the Italian government. The deal hasn't been completed so it is not known how many years it covers. |