Google’s £130 million tax settlement ‘seems disproportionately small’, the Public Accounts Committee investigating the deal has said.
Meg Hillier, who chairs the PAC, said: ‘Public anger has been palpable ever since this settlement was announced and we still don’t know the full details.
‘Whether you call it secrecy or confidentiality, this lack of transparency does nothing to build confidence that big corporations are paying their fair share of tax.
‘Google has been keen to parade its enthusiasm for simplicity in the tax system but the fact remains the company has chosen to set up a complicated tax strategy specifically designed to minimise its tax bill.’
The firm has long been accused of using complex tax structures to avoid paying its ‘fair share’.
Following a six-year inquiry by Her Majesty’s Revenue and Customs, the technology company agreed that it would pay £130 million in back taxes.
‘Today we announced that we are going to be paying more tax in the UK,’ head of Google Europe Matt Brittin said at the time.
‘The rules are changing internationally and the UK government is taking the lead in applying those rules so we’ll be changing what we are doing here.’