May 31st, 2011
WASHINGTON, DC – As the Organization for Economic Cooperation and Development (OECD) convenes its third meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Bermuda today, addressing deficiencies in the current OECD standard of tax information exchange is crucial, said Global Financial Integrity (GFI).
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May 31st, 2011
Africa Looks Poised for Second Independence
InDepth NewsViewpoint, May 31, 2011
New directorate to probe financial crimes
Indian Express, May 30, 2011
Govt bid to put figure to black money
The Times of India, May 30, 2011
FE Editorial: Taxing tangle
The Financial Express, May 31, 2011
U.S. Engages With an Iron Leader in Equatorial Guinea
New York Times, May 30, 2011
Light-footed Google in $4.6bn tax dodge
The Sunday Times, May 30, 2011
May 31st, 2011
The Sunday Times did an
expose of Google’s tax affairs Sunday.
I’ll declare an interest: they asked me to help the investigation, and I did.
The findings? Google has avoided £3 billion of tax worldwide over the last five years. It’s tax rate outside the USA is just 3%.
In 2009, if Google had declared profits in proportion to sales in the UK in the ratio that the worldwide accounts showed (about 35% profit pre tax) then the expected UK tax bill would have been about £190 million.
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