Monday 25 January 2016

Google tax row: System must ensure corporate giants pay fair share, says Boris Johnson

CORPORATE giants must be made to pay more tax in Britain but the companies are not to blame for the "derisory" sums they have paid out, according to Boris Johnson.


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Boris Johnson has claimed he agrees with calls for tax loopholes to be axed
London's mayor said it was "absurd" to blame multinationals for minimising tax bills using legal loopholes and insisted the fault laid with successive governments.

Chancellor George Osborne is expected to come under pressure in Parliament over Google's controversial £130 million deal with the taxman.

Labour counterpart John McDonnell said the public would be "sceptical" about the "relatively small" settlement and called for the National Audit Office to launch an inquiry.

In his column for the Daily Telegraph, Mr Johnson said he largely agreed with calls for loopholes and dodges to be axed and said multinationals must hand over more to UK coffers.

For more detail  Google tax row: System must ensure corporate giants pay fair share, says Boris Johnson

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