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1. letstalkglobaltax.forvismazars.com › 2022/08/23The Google tax: The UK story, 7 years later - Let's talk ...

   letstalkglobaltax.forvismazars.com › 2022/08/23

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   Aug 23, 2022 · Where is the UK Diverted Profits Tax and the Profit Diversion Compliance Facility now? On 7 February 2023, the UK tax authority HM Revenue & Customs (HMRC) released its Transfer Pricing and Diverted Profits tax statistics for the 2021 – 2022 tax year.

2. blog.google › its-time-new-international-tax-dealIt’s time for a new international tax deal - The Keyword

   blog.google › its-time-new-international-tax-deal

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   Jun 27, 2019 · Outreach and Initiatives. Public Policy. It’s time for a new international tax deal. Jun 27, 2019. ·. 2 min read. Karan Bhatia. Vice President, Government Affairs & Public Policy. Listen to article.

3. www.smh.com.au › business › companiesGoogle Australia’s tax bill just $85 million despite profit rise

   www.smh.com.au › business › companies

   May 27, 2022 · Search giant Google paid $85 million in tax in 2021 despite earning more than $7 billion from the local economy, shifting the majority of earnings to an international subsidiary.

   • Author: Zoe Samios

4. Videos

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     What is the Google tax?

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     Explained: How does tax work in Australia (video)?

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     What is a digital tax? | CNBC Explains

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5. www.uktaxpolicymap.comUK Tax Policy Map | Deloitte | Tax Map

   www.uktaxpolicymap.com

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   This Tax Policy Map brings together current and expected tax policy developments in the UK and selected global tax policy developments likely to impact the UK.

6. taxfoundation.org › blog › google-tax-what-it-andThe "Google tax": What it is, and Why We Should Be Cautious

   taxfoundation.org › blog › google-tax-what-it-and

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   Jul 24, 2023 · However, with the Google tax policies, the UK and Australia will be able to tax companies even if they do not technically have PE status under existing tax treaties and treaty conventions. Instead, the Google tax examines the intent and tax savings of transactions and corporate structures.

7. www.reuters.com › technology › uk-agrees-end-digitalUK agrees to end digital services tax after global tax reform

   www.reuters.com › technology › uk-agrees-end-digital

   Oct 21, 2021 · LONDON, Oct 21 (Reuters) - Britain said on Thursday it would phase out its Digital Services Tax on U.S. tech giants such as Google and Facebook once a global reform to corporate taxation takes...

8. People also ask

   How will the Google tax work in the UK & Australia?

   • However, with the Google tax policies, the UK and Australia will be able to tax companies even if they do not technically have PE status under existing tax treaties and treaty conventions. Instead, the Google tax examines the intent and tax savings of transactions and corporate structures.

   The "Google tax": What it is, and Why We Should Be Cautious

   taxfoundation.org/blog/google-tax-what-it-and-why-we-should-be-cautious/

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   How much tax did Google Pay in 2021?

   • Search giant Google paid $85 million in tax in 2021 despite earning more than $7 billion from the local economy, shifting the majority of earnings to an international subsidiary which reduced the size of its profits.

   Google Australia’s tax bill just $85 million despite profit rise

   www.smh.com.au/business/companies/google-australia-s-tax-bill-just-85-million-despite-profit-rise-20220527-p5ap26.html

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   What is Google tax & how does it affect your business?

   • Broadly speaking, the Google tax imposes a penalty on large companies that shift income abroad through certain transactions and corporate structures. Under the UK DPT law, a 25% tax is imposed on profits that should have been reported and taxed in the UK, but were instead shifted to foreign entities.

   The "Google tax": What it is, and Why We Should Be Cautious

   taxfoundation.org/blog/google-tax-what-it-and-why-we-should-be-cautious/

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   Will Google tax help countries collect more tax revenues?

   • By encouraging unilateral action, the Google tax may help countries collect additional tax revenues in the short term, but it ultimately hinders international cooperation and will likely result in incongruous tax policy across jurisdictions. Learning from Experience

   The "Google tax": What it is, and Why We Should Be Cautious

   taxfoundation.org/blog/google-tax-what-it-and-why-we-should-be-cautious/

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   Will Google be taxed if a company does not have PE status?

   • Any profits from the store on sales of goods and services would be subject to U.S. corporate income taxes (CIT). However, with the Google tax policies, the UK and Australia will be able to tax companies even if they do not technically have PE status under existing tax treaties and treaty conventions.

   The "Google tax": What it is, and Why We Should Be Cautious

   taxfoundation.org/blog/google-tax-what-it-and-why-we-should-be-cautious/

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   How does the Google tax affect international tax treaties?

   • The Google tax's impact on international tax treaties can be seen from two perspectives. On the one hand, the Google tax is disruptive of tax treaty conventions because it is fundamentally against the physical presence standard of PE status outlined in the OECD Model Tax Convention.

   The "Google tax": What it is, and Why We Should Be Cautious

   taxfoundation.org/blog/google-tax-what-it-and-why-we-should-be-cautious/

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9. www.in-accountancy.co.uk › resources › newsThe new ‘Google tax’ and what it means for business

   www.in-accountancy.co.uk › resources › news

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   May 12, 2015 · The government’s new Diverted Profits Tax (DPT), commonly known as the ‘Google tax’, formally came into force on 1st April. Detailed initially during the 2014 Autumn Statement, the tax is an attempt by the government to stop large firms from paying comparatively small amounts of tax in the UK by ‘diverting’ their profits to be […]