The Google Tax
Discussion
Will it work?
Companies that move their profits overseas to avoid tax will be subject to a "diverted profits tax" from April, the chancellor has said.
In his final Budget before the election, George Osborne said firms that aid tax evasion will also face new penalties and criminal prosecutions.
The so-called "Google Tax" is designed to discourage large companies diverting profits out of the the UK to avoid tax.
It follows rows over how much corporation tax some companies pay.
http://www.bbc.co.uk/news/business-31942639
Companies that move their profits overseas to avoid tax will be subject to a "diverted profits tax" from April, the chancellor has said.
In his final Budget before the election, George Osborne said firms that aid tax evasion will also face new penalties and criminal prosecutions.
The so-called "Google Tax" is designed to discourage large companies diverting profits out of the the UK to avoid tax.
It follows rows over how much corporation tax some companies pay.
http://www.bbc.co.uk/news/business-31942639
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