WSJ: resolved a tax dispute between Google and the UK

WSJ: resolved a tax dispute between Google and the UK


The company, according to the agreement, will pay an official London 185 million dollars. The amount will cover the taxes accrued during the period from 2005 to 2015, plus interest for failure to pay tax by the due date.

MOSCOW, 23 Jan. Google came to the agreement on the settlement of a tax dispute with the authorities of great Britain, in which London will pay 185 million dollars, reports the Wall Street Journal.

The amount will cover the taxes accrued during the period from 2005 to 2015, plus interest for failure to pay tax by the due date. Under the agreement, the taxes that Google will pay in the future, will be calculated taking into account profits from advertisers registered in the UK.

As the newspaper notes, the new billing system will significantly increase the amount of the company’s.

“The question of how taxed multinational companies, had been discussed for many years, as a result of international tax system change. This decision reflects a change,” — said the representative of Google.

In September 2015 the “shadow” Chancellor of great Britain John McDonnell said that the labour party of great Britain intends to “force” big companies like Starbucks, Amazon and Google to pay more taxes.