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Sunday, January 05, 2014

Google in goo over taxes

Google faces £24m British tax bill over staff share scheme routed through Ireland - Technology Industry News | Market & Trends | The Irish Times - Mon, Jan 06, 2014: "Google is expected to be hit with a British tax bill of at least £24 million (€29 million) after a review by revenue officials of a staff share scheme that was routed through its Irish operations.
A recent rule change by HMRC, the British revenue commissioners, could similarly affect Facebook and Apple, who also have their European headquarters in Ireland.
Google has made a provision for the expected tax bill in the accounts of its UK operation, which have been under scrutiny by British tax officials since 2010, according to a report in yesterday’s Sunday Times.
The internet giant, which employs close to 3,000 staff in Dublin, awards shares in the company to its 2,000 UK staff each year. Google paid £51 million to staff under the scheme in 2011 and £50 million in 2012."

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