Sunday, May 29, 2011

"Google has processed more than three billion"

LONDON - That the web of company Google is obscure, we know even in Italy. The search engine sells advertising space in our country and bill in Ireland. Now the case broke out in Britain. According to the Sunday Times, the company has managed to pay no more than 3 billion (circa3, € 5 billion) of pounds of charges in England and other countries over the past 5 years, thanks to an elaborate corporate network that uses different jurisdictions including Ireland, Netherlands and United Kingdom, to end the income to Bermuda.

The company, whose motto is "not bad" and has received public support from the Prime Minister and Registrar Cameron Osborne, pay each year into the coffers of the Kingdom only £ 3 million to collect taxes in spite of some 2 billion pounds in advertising. According to the survey published in London today were it not for the network company that allows him to minimize his contributions to the tax authorities, Google would have to pay the British state 190 million instead of 3.

The level of 'legal avoidance' is so high as to be embarrassing for the Conservatives, which is closely related to Google. Cameron has appointed Eric Schmidt, chairman of the online giant, his advisor for business, as his adviser on strategy, Steve Hilton, is married to Rachel Whetstone, Google's board of directors.

The chancellor Osborne spoke this month for the second time the annual conference of Google and gave a luncheon in honor of Schmidt. Google's position could also increase the friction between Osborne and the minister for productive activities and Vince Cable, who has accused Google of "dodging their social responsibility." The investigation of the Sunday Times follows up on investigations opened in other countries such as Italy and Turkey.

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