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UK Finance Minister defends Google deal

Britain’s Chancellor of the Exchequer George Osborne was recently asked to defend Google’s tax deal at the World Economic Forum in Davos.

How much tax does Google pay in the UK?

Transcript:

This is a real vindication of this goverment’s approach.

When I became chancellor there were some companies that paid little or no tax.

That rightly caused a lot of public anger.

We said we’d take action now we have companies like google paying tax, I want the message to go out that in Britain taxes are low but they have to be paid and I expect more companies to follow suit.

Well let’s be clear, decisions about indivodual taxes are for our independent HMRC but we’re talking about taxes that google paid on profits in the years 2005 till 2011, by the way those were years that this government wasn’t even in office.

Now we’ve got the tax being paid and HMRC says that’s the right amount of tax for the profits made by Google back then.

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