Under Public Pressure, Google Pays UK $185M In Back Taxes
Google has agreed to pay the U.K. $185 million to settle the company's back tax bill.By Matt Picht | January 23, 2016
The intersection between tech giants and tax policy has always been fraught with controversy, and Google's recent attempt to mollify the U.K. tax authorities is no exception.
"I want the message to go out that in Britain taxes are low, but they have to be paid," U.K. Chancellor of the Exchequer George Osborne told The Guardian.
The U.K.'s Conservative government is touting a recent agreement with Google, which will pay more than $185 million in back taxes it has incurred since 2005. The opposition is worried Google is getting off easy, considering the company made about $6.5 billion in U.K. sales in 2014.