Google has found a way to avoid paying boatloads in taxes. And U.K. parliament members are not too happy about it, according to a new report.
By the end of March, a Google executive could be brought before parliament members to explain how the company saves so much in taxes, despite generating massive profits each year, U.K. newspaper The Independent is reporting, citing a discussion with a member of the parliament's Treasury Select Committee.
The Independent claims that Google paid only 6 million pounds ($9.4 million) in U.K. taxes last year, despite generating a profit of 395 million pounds.
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via CNET http://feedproxy.google.com/~r/cnet/NnTv/~3/s4fxqPz56GE/
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