Tech

Google To Pay $140 Million In Back Taxes In Britain

The Canadian Press, 23 Jan, 2016 01:42 PM

MOUNTAIN VIEW, Calif. — Google will pay about $140 million in British back taxes in a concession driven by a shift in how the Internet company will measure its success in the United Kingdom.

The terms disclosed Friday translate into 130 million pounds, a small sum for a business as prosperous as Google and its corporate parent, Alphabet Inc. The Mountain View, California, company has about $73 billion in cash.

Britain is one of Google's biggest markets outside the U.S., but the company has minimized its taxes in the country by keeping its European headquarters in Ireland, where tax rates are lower.

That tactic has spurred accusations that Google has been evading taxes.

Google says it will now base its British tax bill on U.K. advertising sales instead of just profit.

Prev Next

MORE Tech ARTICLES

As Google Presses To Get Self-Driving Cars To The Public, California Regulators Hit The Brakes

Hustling to bring cars that drive themselves to a road near you, Google finds itself somewhere that has frustrated many before: Waiting on the Department of Motor Vehicles.

As Google Presses To Get Self-Driving Cars To The Public, California Regulators Hit The Brakes

Peer-To-Peer Payment Services Are Hot; Here's A Guide To Your Options

Cash is passe, say digital mavens. If you really want to pay your friends back for that pizza party, use an app to shoot money to their mobile-phone number — or their Facebook account.

Peer-To-Peer Payment Services Are Hot; Here's A Guide To Your Options

Apple's iPad Pro: What's New, How It Works And Who Might Need It

About an inch longer than a standard sheet of paper, the Pro features a 12.9-inch diagonal display, giving it 78 per cent more surface area than the 9.7-inch iPad Air 2.

Apple's iPad Pro: What's New, How It Works And Who Might Need It

Review: YouTube Music Queues Up Music Videos And Keeps Groove Going With Intuitive Features

It's a video-first music service that also plays in the background like you'd expect a music app to do. That sets it apart from other music apps out there, many of which give you a choice of videos or songs, but not interchangeably.

Review: YouTube Music Queues Up Music Videos And Keeps Groove Going With Intuitive Features

Tim Cook Says Apple Will Resist British Government Attempt To Weaken Encryption In New Spy Law

DUBLIN — Apple chief executive Tim Cook says his company will resist the British government's efforts to get access to encrypted data through a new spying law.

Tim Cook Says Apple Will Resist British Government Attempt To Weaken Encryption In New Spy Law

Facebook Is Blacking Out A Small Social-Network Rival That Pays People For Posts

Suppose every time you posted on Facebook, the social network tallied up the ad revenue it earned against your update and passed a percentage back to you.