GOOGLE BACK TAX SETTLEMENTS IN THE EU

 

It appears that Google has now agreed back tax settlements with Britain, France and other countries in the EU, for periods stretching back over a number of years.

 

To the great surprise of Taxpayers everywhere, the declared taxable Results of Google activities were very small and gave rise to Tax Payments which did not reflect its booming sales !  

 

The fundamental and basic questions to be answered now are ;  "What went wrong ?  Whose fault was it ?".

 

In a recent article in this Blog (1) it was clearly stated that it is not a crime to avoid paying tax.  This is true for Individual as well as Corporate taxpayers.   However, any measures taken to avoid the payment of tax must not contravene the Law as it stands.

 

This implies that Governments must legislate to eliminate any "loopholes" in laws which permit, even facilitate or encourage, the avoidance of tax.

 

To prevent the underpayment of tax, Governments employ Tax Inspectors and also hire the services of Tax Advisors.  Did no one ever suspect that something was awry, when the tax declared payable, was incompatible with the prosperous activities of a Company or the Group to which it belonged ?  Are all Tax Inspectors so gullible ?

 

Does the Chancellor of the Exchequer never get any "feed back" of the results of Tax Inspections ?  If not,  "Why not ?".

 

Taxpayers and Electors  everywhere want answers to ALL these questions !  They want to know what action will be taken, when and by whom, to cover "loopholes" ! 


(1) UK : Foreign Banks pay little tax on profits !
 

                                                     

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