Share on Google Plus Share on Twitter 1 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (1 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   No comments

Europe Seeks More Taxes From U.S. Multinationals ERIC PFANNERGoogle reported sales of more than $4 billion in Britain la

Quicklink submitted by Susan Lee Schwartz     Permalink
Related Topic(s): ; ; , Add Tags

View Ratings | Rate It

opednews.com Headlined to H4 11/20/12

"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.

Read the rest of the story HERE:

At www.nytimes.com

- Advertisement -
- Advertisement -