Posts tagged tax

Apple-logo

An Irish parliamentary committee has dismissed the opportunity to grill Apple and Google over their tax affairs in Ireland, despite requests for a change to the way in which it taxes large multinationals that do business in its country.

The move comes weeks after Apple and Google came under scrutiny for the way in which they use tax “loopholes” or “gimmicks” to avoid paying excessive taxes on international sales. It was revealed that Apple used an Irish subsidiary with zero employees to pay less than 0.05% tax on $78 billion over four years.

Google-building

Google is planning to develop a new headquarters in central London after acquiring a 2.4 acre plot of land at the Kings Cross Central development. The search giant’s new office, which will reportedly cover 1 million square-feet, will be worth a whopping £1 billion ($1.6 billion) when complete.