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

 

iPad Air Giveaway. Win a free iPad Air.

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

Last Week Tonight with John Oliver is the Most Depressing Comedy Show on TV
Last Week Tonight with John Oliver is the Most Depressing Comedy Show on TV
The Last Week Tonight with John Oliver becomes a fixture on Monday morning. The main story of the show are the most depressing comedy on TV right now. Watch this weeks episode about Nuclear Weapons in America.
 
 
For Back to School the Acer Aspire ES1-511-C59V Laptop is a Great Choice
For Back to School the Acer Aspire ES1-511-C59V Laptop is a Great Choice
Acer Aspire ES1-511-C59V Laptop is available at Amazon for $303.80. It is getting close, back to school time will be here before you know it. Be sure your student is ready with the Acer Aspire ES1-511-C59V Laptop....
 
 
Book Profits On IBM And Verizon, Buy This Toy Maker And Homebuilder On Weakness
Disclosure: I have no positions in IBM, Verizon, Lennar or Mattel. The Dow Jones Industrial Average and Dow Transportation Average set all-time intraday highs last week on July 17 at 17,151.56 and 8,406.17, respectively...
 
 
Katy Perry Answers Nicki Minaj Racy Tweet
Katy Perry Answers Nicki Minaj Racy Tweet
The electric girl, Katy Perry expressed her opinion on Twitter about Nicki Minaj. She also appeared in a Brooklyn concert in a firework bustier.
 
 
 

About the Geek Mind


Read more about The Geek Mind.