UK readying 25 percent "Google Tax"

European governments for some time have been trying to collect more tax revenue from US based tech companies. A so-called “diverted profits” tax, popularly known as the “Google tax,” is being included in the forthcoming budget proposal in the UK.



It would levy a 25 percent tax (rather than the customary 20 percent) and require tech companies to report revenues on a per-country basis. Google made $45 billion in global revenue last year, international revenues were just under $26 billion....



UK readying 25 percent "Google Tax"



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