Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Google Accused of Tax Fraud by UK Lawmakers

Google may be a super giant on the global scene but that doesn’t mean it goes scot-free when it comes to paying taxes. UK lawmakers have indicted Google over its tax evasion policies in the European island nation. They claim that its “smoke and mirrors” policy will not do anymore.

May 17 2013, 5:47am CDT | by

1 Updates
Google Accused of Tax Fraud by UK Lawmakers
 
 

YouTube Videos Comments

Full Story

Google Accused of Tax Fraud by UK Lawmakers

Google Accused of Tax Fraud by UK Lawmakers

Google is in hot water. The search engine colossus known for its famous motto “don’t be evil” has just contradicted itself. It has done something very evil which is willful tax evasion and the law is crying foul. Google was questioned by aggressive lawmakers from the United Kingdom regarding certain misleading statements it made about its tax matters.

The European Head of Google, Matt Brittin had clearly stated earlier that Google did not sell to UK clients, according to Reuters. However, later on several accomplices blew the whistle and told authorities the truth regarding the facts of the matter. The Head had blatantly lied. However, Brittin says that nothing out of the ordinary occurred and that in his humble opinion no rules were broken.

The British lawmakers were furious over this breach of trust. “It really doesn’t wash!” said Stephen Barclay, a prominent member of the Public Accounts Committee. The ruse used by Google appears to have been the employment of an Ireland domicile as a face-saving device. Since Irish accounts are not taxed due to their real source being an affiliate in Bermuda, Google is now defending itself by saying that its UK acts were for promotional purposes only.

However, LinkedIn profiles of employees shows that they did do work despite the statement denying such transactions by the European Head. Google has made more profits than it has paid taxes. This is an anomaly that will have to be investigated into on a deeper level.

Several other huge companies such as Starbucks, Microsoft and Amazon have faced similar issues. It comes with the territory since where there is a lot of concentrated money there will be people who have their eyes set on the loot. Besides we are living in a far more democratic and less egocentric time than the era of African Kings. This demands that money be spread around or at least redistributed. Like dirt, money looks good only once it has been spread around instead of segregated in a single spot. However, the fact that capitalism is the top cat among economic systems translates into sporadic privilege that is unfair and unjust since it breeds exclusivity. 

Image Credit: Getty Images

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Rare Discount On The 2013 Razer DeathAdder Mouse
Rare Discount On The 2013 Razer DeathAdder Mouse
Best Buy pulled out Black Friday pricing on one of the most popular FPS gaming mice. Only valid for 24 hours!
 
 
Kendall Jenner and the Complicated Life she leads
Kendall Jenner leads a Complicated Life
Kendall Jenner, and the complicated life she leads with friends, fans and family, prove one thing. And that is that she knows how to hang in there amidst the media hype and mass publicity.
 
 
Joe Frazier Statue is Ready for Public Display
Joe Frazier Statue is Ready for Public Display
A statue of the boxer, Joe Frazier has been finalized and is almost ready for public display in Philadelphia. Hopefully, it will get unveiled by the time 2015 arrives.
 
 
Apple explains why apps get rejected from the App Store
Apple explains why apps get rejected from the App Store
Apple explains its side of the story on a new webpage called “Common App Rejections.”
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.