The latest figures surrounding the corporation tax paid by the company are likely to raise further questions in regards to Google’s tax practices, after it was revealed last year that the UK business paid less than £950,000 of tax on revenues of £2.39 billion.
At the time of the criticism levelled at Google last year, their executive chairman, Eric Schmidt, claimed that the company was obliged to pay the legal minimum in UK tax, saying: “We could pay more tax but we would have to do so voluntarily. There are lots of benefits to being in Britain.
“It's very good for us, but to go back to shareholders and say 'We looked at 200 countries but felt sorry for those British people so we want to pay them more... there is probably some law against doing that.”
Now the latest documents filed at Companies House have revealed that in the six years to the end of 2010, Google paid just £8 million of corporation tax in the UK; whilst in the most recent quarter – to the end of June – Google’s worldwide profits rose by eleven percent to £1.8 billion.
Following the latest figures, a Google spokesperson said: “We comply with all the tax rules in the UK. We make a big contribution to the UK economy by employing over a thousand people, helping hundreds of thousands of businesses to grow online and investing millions supporting new tech businesses in East London.”
For more information, please visit www.milsted-langdon.co.uk
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