Google Defends U.K. Tax Deal as Lawmakers Go on the Attack
- Brittin told that consumers `hate' tech giant over taxes
- Company pays 19% tax on its global profits -- `a fair amount'
This article is for subscribers only.
Google Inc. defended its settlement with British tax officials as lawmakers used a televised hearing to attack the company and question the 130 million-pound ($188 million) deal.
The technology giant pays the right amount of tax, Matt Brittin, Google’s European chief, told Parliament’s Public Accounts Committee in London on Thursday. He denied the agreement, heralded as a “victory” by Chancellor of the Exchequer George Osborne but denounced as “derisory” by its critics, meant it had only paid 3 percent.