Chancellor of the Exchequer George Osborne has reportedly announced that the government will be clamping down on tax avoidance by technology companies.
Speaking at the Conservative party conference Osborne said: “Some technology companies go to extraordinary lengths to pay little or no tax here,” adding “if you abuse our tax system, you abuse the trust of the British people. And my message to those companies is clear: we will put a stop to it”.
The move, which has been dubbed the “Google tax,” is being seen as a response to a corporate tax strategy known as the “double Irish.”
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Source: The Drum
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