Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

Google defends UK tax arrangements

byCT Report
15/02/2016
in Uncategorized
Share on FacebookShare on Twitter

LONDON: Google’s UK chief has defended the search giant’s tax arrangements in a hearing before MPs on the Commons Public Accounts Committee.

Matt Brittin said he understood public anger about the amount of tax it paid.

You might also like

ICCI delegation meets SIFC leadership to discuss trade and investment facilitation

30/10/2026

FBR refuses to reverse decision to shift customs assessment operations from Karachi to Islamabad

30/10/2026

However, he said Google was paying 20% tax on its UK profits, not the 3% figure cited in some reports.

The £130m in UK tax it paid for the 10 years from 2005 was reached following a “six-year rigorous, independent tax audit” by HMRC, Mr Brittin said.

Tom Hutchinson, Google’s global tax chief, told MPs that the company did not negotiate its tax settlement with HMRC.

He told the committee that the tax authorities did not “throw out a number – it’s not a negotiation”, adding: “There was no top-line figure; that’s not how the process works.”

The £130m payment included £18m in interest, Mr Hutchinson told MPs, but no penalties or payments under the government’s diverted profits tax – also known as the “Google tax”.

 

Related Stories

ICCI delegation meets SIFC leadership to discuss trade and investment facilitation

byCT Report
30/10/2026

ISLAMABAD: A delegation from the Islamabad Chamber of Commerce and Industry (ICCI), led by President Mohammad Zikria Akbar Zia, held...

FBR refuses to reverse decision to shift customs assessment operations from Karachi to Islamabad

byCT Report
30/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has reaffirmed its commitment to strengthening Faceless Customs Assessment (FCA), clarifying that the...

Pakistan’s exports rise 7.7 percent to $8.5 billion in 1QFY-2027

byCT Report
30/10/2026

ISLAMABAD: Pakistan’s remittances reached $10.9 billion in the first quarter of fiscal year 2026-27, marking a 14 percentage increase year-on-year,...

FBR issues new sales tax rules for steel manufacturers

byCT Report
30/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new procedure for the payment and adjustment of additional sales...

Next Post

IndoSpace to invest $1 bln more in India in next 5 years

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.