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Sunday 31 January 2016

Tories lobbying to protect Google’s £30bn island tax haven

Source: www.theguardian.com - Saturday, January 30, 2016
Opposition figures react angrily to news that government has objected to EU’s proposed blacklisting of Bermuda as ‘unhelpful’ Britain has been privately lobbying the EU to remove the tax haven through which Google funnels billions of pounds of profits from an official blacklist, the Observer can reveal. Treasury ministers have told the European commission that they are “strongly opposed” to proposed sanctions against Bermuda, a favoured shelter for Google’s profits and one of 30 tax jurisdictions in Brussels’s sights. Continue reading...
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