By Matt Brittin, Google UK CEO
The Institute for Fiscal Studies explains it very clearly: “The current tax rules are not designed to tax the profits from UK sales…They are instead designed to tax that part of a firm’s profit that arises from value created in the UK.”
Some have suggested the settlement which concluded the audit was a ‘sweetheart deal’, a cut-price tax rate. It was not. Google pays corporation tax on its UK profit at the standard rate – currently 20 per cent – the same as any other business in Britain.
Or, fuck off Murph