Reuters logo
Google to pay 130 mln pounds in back taxes in UK - FT
January 22, 2016 / 10:37 PM / 2 years ago

Google to pay 130 mln pounds in back taxes in UK - FT

Jan 22 (Reuters) - Google, now part of Alphabet Inc , agreed to pay 130 million pounds ($185.39 million) in back taxes in the UK, and higher taxes in the future, in a deal that could lead to the company paying more in other countries where it has been accused of evading tax, the Financial Times reported on Friday.

The agreement comes after a multiyear audit by Her Majesty's Revenue and Customs (HMRC) looking into whether Google sidestepped tax for over a decade by allocating profits to Ireland, where its European operations are based, the FT said. (

Google and HMRC were not immediately available for comment.

The European Union and national governments have been taking a tougher stand against profit-shielding arrangements used by multinational companies, including Google, Apple and Amazon. ($1 = 0.7012 pounds) (Reporting by Anya George Tharakan in Bengaluru; Editing by Don Sebastian)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below