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Google has agreed to pay $185 million in taxes to UK

  • For many years, Google has been speculated to avoid paying taxes by channeling all its profits from European clients to Bermuda, via Ireland. The company has agreed to pay $185 million as a penalty; however, it has been labeled a ridiculously small amount by tax experts, feeling Google got a sweet deal. They stated that a firm of Google’s revenue bracket must pay taxes in the region of $200 million a year instead. Similar investigation is being carried out on likes of Amazon, Fiat (Luxembourg), Apple (Ireland), Starbucks (Netherlands) amongst others.