By John Glenday

Business secretary Sajid Javid has conceded that a £130m, 10 year tax settlement struck by HMRC with Google ‘was not a glorious moment’ – despite chancellor George Osborne labelling the very same deal as a ‘major success’.

Criticism of the deal has been mounting amidst suggestion that the sum significantly underestimates the amount of profit generated by Google within the country.

Speaking to the BBC’s Andrew Marr show Javid acknowledged public concern over the perceived ‘injustice’ of the deal, remarking: “It wasn’t a glorious moment, when people look at these issues, but it is important, I think, to talk about also what Read full story ›

Source: The Drum