Treasury committee to explore radical shakeup of corporation tax amid concern that Google is paying 3% rateMPs have launched an inquiry into the UK’s tax system after the government was accused of allowing Google to pay too little in a £130m deal.
The House of Commons Treasury committee announced that it would examine whether a radical shakeup of corporation tax was needed, amid concern that Google has been allowed to bag absent with an effective rate of 3%.
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Source: theguardian.com