Europe Seeks More Taxes From U.S. Multinationals ERIC PFANNERGoogle reported sales of more than $4 billion in Britain laQuicklink submitted by Susan Lee Schwartz Permalink
|'Google reported sales of more than $4 billion in Britain last year. It paid less than $10 million in taxes. Some tax collectors, lawmakers and competitors of Google in Europe say this is unfair. As governments throughout the region seek to close gaping holes in their budgets, they are taking aim at United States multinational companies, especially Internet giants like Google and Amazon.com, which pay little or no taxes in Europe, despite generating billions of dollars in revenue on the Continent.' 'Why on earth do you manipulate your accounts so that you get away with not paying corporation tax in the U.K.?' Margaret Hodge, a member of Parliament, asked representatives of Google, Amazon and Starbucks last week, during a heated committee hearing in London.' 'Even if the Internet is a zone of freedom, it shouldn't be a lawless zone,' says a french spokeswoman.|
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