Reply to: Now the European Parliament is telling Osbourne he's a twat

[Churchill]

£138M?

That's just what I was thinking.

[DodgyAgent]

£138M?

[NigelJK]

I suspect that Google will put that through as a Marketing expense, as they don't have to pay any tax normally.

[Churchill]

Is it a deal though? Or is it Google have said this is all you're getting. I doubt HMRC have any room for negotiation in this otherwise I'm sure they would try to get more, I know what you're saying about state aid but it was hardly a sweetheart agreement like those of the Netherlands and Luxembourg.

Anybody know how much it cost HMRC for 6 years worth of investigation into Google's financial affairs?

[The Spartan]

Still HMRC v Google is like bringing a knife to a gun fight

[AtW]

Correct me if I'm wrong but isn't that the figure Goggle are paying for all the years of back taxes, not the figure per year?

Yep, all years - possibly 10 or more!

[Lost It]

Correct me if I'm wrong but isn't that the figure Goggle are paying for all the years of back taxes, not the figure per year?

I'd like to bet there's someone in HMRC or the government who has a tidy after career job lined up with Google after they stuffed that one down our throat.

Cynical? Moi?

[AtW]

Is it a deal though? Or is it Google have said this is all you're getting. I doubt HMRC have any room for negotiation in this otherwise I'm sure they would try to get more, I know what you're saying about state aid but it was hardly a sweetheart agreement like those of the Netherlands and Luxembourg.

It sounds to me like they got deal NOW, and before they just turned blind eye on it.

UK is second biggest market for Google, I'd be surprised if they made less than £1 bln real net profit per year, so they should be paying £200 mln every year, this makes £130 mln for old years a pathetic figure that should have been much higher, by a factor of 10 I reckon.

[The Spartan]

They have a lot of say on the matter because state aid in EU is illegal without approval, and low tax deals now deemed as illegal state aid.

Is it a deal though? Or is it Google have said this is all you're getting. I doubt HMRC have any room for negotiation in this otherwise I'm sure they would try to get more, I know what you're saying about state aid but it was hardly a sweetheart agreement like those of the Netherlands and Luxembourg.

[darmstadt]

Thing is old slope shoulders will start saying "It's nothing to do with me, it's HMRC" when it suits him. Or if he thinks there's some plunder to be had it's his baby.

Multifaceted faced if you ask me.

The other day when the UQ was asked in Parliament he just happened to off on a jolly with another US tech company who have faced the taxing question, out with o' Mr. Gates, plus have a look at how much in bed the current Tory administration are with Google

[AtW]

It's not like they have much say on the matter, the Italians are doing the same despite the claim they were owed 1bn by Google. Google will pretty much do what they want seeing as they have an army of lawyers and accountants.

They have a lot of say on the matter because state aid in EU is illegal without approval, and low tax deals now deemed as illegal state aid.

[AtW]

I was there first

[NigelJK]

Yep the Vodaphone one was a complete stitch-up. Followed it with dismay in Private Eye.

[The Spartan]

Thing is old slope shoulders will start saying "It's nothing to do with me, it's HMRC" when it suits him. Or if he thinks there's some plunder to be had it's his baby.

Multifaceted faced if you ask me.

HMRC has made previous deals with Vodafone and Goldman Sachs etc without consulting their own experts they like to play loose and fast sometimes.

[Lost It]

Thing is old slope shoulders will start saying "It's nothing to do with me, it's HMRC" when it suits him. Or if he thinks there's some plunder to be had it's his baby.

Multifaceted faced if you ask me.