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Old 19-05-13, 21:20   #1
 
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European Union Google & Amazon Cheat Taxman out of Billions-Moves Income

'Google is Cheating British Taxpayers out of Millions...- what they are doing is just immoral':

Web giant accused of running 'scandalous' tax avoidance scheme by whistleblower




Whistleblower Barney Jones said Google has 'pulled the wool over the eyes of HMRC'

about profits made through its UK Headquarters (pictured)



  • Barney Jones said Google diverts British profits through Ireland to Bermuda
  • Former executive said company 'pulled the wool over the eyes' of HMRC
  • Adds to mounting pressure on Google over its tax affairs
  • Company says all sales contracts go through its low-tax Ireland office
  • Last year, paid just £7.3million in corporation tax on UK turnover of £3billion

By Daily Mail UK, 19 May 2013




Barney Jones said the company has 'pulled the wool over the eyes of HMRC and the British population'



A former Google executive turned whistleblower says he has 100,000 emails that expose the 'immoral' tax avoidance scheme used by his former employer.
Barney Jones, who worked for Google from 2002 until 2006, said the company has 'pulled the wool over the eyes of HMRC and the British population'.
He claims Google has a system in place which diverts British profits through Ireland to the Bermuda tax haven and accused the company of 'cheating' the British taxpayer.

The internet giant has been under increasing pressure about allegations of tax avoidance.
Prime Minister David Cameron will lead efforts at next month's G8 summit of world leaders to find ways of preventing multinational firms from exploiting tax loopholes.
He is due to meet Google's executive chairman Eric Schmidt tomorrow at the quarterly meeting of the prime minister's Business Advisory Group.

Last week, Matt Brittin, a vice-president of Google, was aggressively questioned by MPs, who accused the company of 'doing evil' by using 'devious, calculated and unethical' tricks to minimise its liabilities.


It paid just £7.3million in corporation tax last year despite having a UK turnover of £3billion.

Yet, Google assert that all its sales are made in low-tax Ireland, rather than the UK, where corporation tax is just 12.5 per cent compared to 23 per cent in Britain.

Mr Jones's earlier testimony to the PAC gave MPs such as chair Margaret Hodge further ammunition for the questioning of Mr Brittin last week.




Whistleblower Barney Jones's evidence about Google's tax affairs led to combative questioning of company vice president Matt Brittin, pictured, who was interrogated by the Public Accounts Committee


He told MPs at a previous meeting in November: 'No one in the UK is selling'.

He again told the public accounts committee that no one in the UK 'closed' a deal and that this was done by Dublin staff.

Yet Mr Jones said this was a 'smokescreen'.

Mr Jones told The Sunday Times that he won contracts with major companies to buy advertising space in the UK but the deals were 'closed' by staff in Ireland.

He told The Sunday Times: 'It uses a concocted scheme to avoid tax. It's a smokescreen to distort where the substance of its economic activity is really taking place.'

He said he was at meetings where London staff did deals with companies such as eBay and Lloyds TSB.

During the two-hour interrogation of Mr Brittin by MPs last week, he eventually admitted that 'a lot of the aspects of selling' do take place in the UK.

He told MPs: 'Literally 99 per cent of our UK customers spend their money without ever talking to anyone in Google UK.’

But the remaining 1 per cent are the group’s largest customers, and account for more than two thirds of its total sales.
Mr Jones's testimony will add to the mounting pressure on the Silicon Valley company, which has an informal motto of 'Don't do evil'.


The company is reportedly spending up to £1million on a lavish weekend for its staff at the so-called ***Zeitgeist*** Conference.


(
***See link at bottom-for thread on this site & watch important warning videos from Zeitgeist about who causes the problems on the world economy ***)


The company has hired out the Grove Hotel in Hertfordshire, where singer Jessie J will perform.
Meanwhile, Labour leader Ed Milliband will write new rules to tackle corporate tax dodgers if he wins the next election, even if there is no international consensus for action.



Public Accounts Committee chair Margaret Hodge Matt Brittin that his company 'does evil'


(Go gettem "Maggie")


In a statement, Google's director of external relations Peter Barron said: 'As we said in front of the Public Accounts Committee, it is difficult to respond fully to documents we have no seen.

'These questions relate to Google's business in the UK going back a decade of more.

'None of the allegations put to us change the fact that Google pays the corporate tax due on its UK activities and complies fully with UK law.'


Mr Schmidt, who will visit Downing Street tomorrow, claimed his company 'has always aspired to do the right thing' but said 'international tax law could almost certainly benefit from reform'.

The Tories said David Cameron is prioritising tax law at the G8.

A Conservative Party spokesman said: 'David Cameron is putting tackling international tax avoidance and evasion firmly at the centre of his agenda for Britain's Presidency of the G8 this year.'
The Prime Minister has established links with Google. His former director of strategy was Steve Hilton, whose wife Rachel Whetstone is high up in the internet giant.



Cameron, pictured with his ex-political guru Steve Hilton, whose wife Rachel Whetstone is high up in Google



***Zeitgeist***



Continued......

UNDER THE MICROSCOPE: COMPANIES IN FIRING LINE = AMAZON


.

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Old 19-05-13, 22:12   #2
 
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Angry Re: Google & Amazon Cheat Taxman out of Billions-Moves Income

Amazon Faces New £4 Billion ($6 Billion)Quiz: Company could join Google in fresh Grilling by MPs over tiny Tax Bill

  • Paid just £2.4 Million ($3.6 Billion) in corporation tax on UK sales of £320 Million ($480 Billion) last year.
  • Seattle-based group told investors its turnover was more than £4 Billion ($6 Billion.
  • Margaret Hodge, chair of public accounts committee, could recall company
By Daily Mail, 16 May 2013


The internet giant Amazon could be hauled before MPs just like Google, MPs suggested yesterday after serious doubts were raised about how much tax it pays in this country.
The company, which sells everything from books to bread, said it paid just £2.44million in corporation tax on UK sales of £320million last year.
But the Seattle-based group told its investors that it actually made 13 times this amount, claiming the UK sales were actually more than £4billion.



Scrutiny: Amazon paid just £2.4million in corporation tax despite UK sales of more than £320million last year


Margaret Hodge, the outspoken chairman of the Public Accounts Committee, has slammed Amazon’s tiny tax bill as a ‘joke.’
Last night, she said: ‘We will now consider whether we need to recall them to explain that discrepancy.’

It comes after a Google executive, Matt Brittin, a vice-president of the search firm, was grilled by MPs yesterday for the second time.
The controversy is fuelled by Amazon, like many multinational businesses, using a complex and legal corporate structure to minimise the amount of tax it pays.




Questions: Amazon employs thousands of people in the UK warehouses but, for accounting purposes, is registered in Luxembourg


It claims the heart of its European operations are in Luxembourg, although it employs just 500 people and has no warehouses in the small European nation.

By comparison, its UK operation is gigantic, employing around 4,200 staff as well as thousands of extra seasonal workers during the busy Christmas trading period.

In a further blow for taxpayers, it also receives Government grants and money from the European Union for operating warehouses in less prosperous parts of the country.
Last year, it received grants totalling £2.5million.


When a sale is made in the UK, the item, such as a book or a DVD, is delivered from a British warehouse by Amazon’s UK employees.
But, for accounting purposes, the transaction is processed in Luxembourg.
By comparison, the well-known London bookshop, Foyles, states clearly in its latest accounts: ‘All sales were made in the United Kingdom.’

An Amazon spokesman said: ‘Amazon pays all applicable taxes in every jurisdiction that it operates within.
‘We have a single European headquarters in Luxembourg with hundreds of employees to manage this complex operation.’

A spokesman for HM Revenue and Customs said: ‘HMRC ensures that multinationals pay the tax due in accordance with UK tax law and in doing so we apply the permanent establishment rules correctly and consistently to all businesses.
‘We have been very successful in reducing tax avoidance by large businesses in recent years.’
END


& This is maybe how Amazon & Google do it:




.. ..


.
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