Speaking from Davos on Saturday,chancellor George Osborne lauds the deal struck between Google and HMRC. Google has agreed to pay the UK £130m in decade’s worth of back taxes, a £13.8m increase in the 2014-15 year, or based on a tax modern formula. However,Richard Murphy, director of the campaign group Tax Research has criticised the deal for the modern figure representing only a fraction of the amount actually due
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Source: theguardian.com