Google avoids tax on 10bn after doubling amount of money it puts into company in Bermudan tax haven

Google avoids tax on 10bn after doubling amount of money it puts into company in Bermudan tax havenThe internet giant reportedly moved nearly 80 per cent of its pre-tax profits to a shell company on the North Atlantic territoryThe move has seen the company slash its overall tax rate almost in halfGoogle's European Vice Chairman Matt Britten pays most tax where it creates 'economic value', mainly the U.SBut the company still moves some of the income generated by U.S created technology to foreign 'shelters' | UPDATED: 21:02 GMT, 10 December 2012 Internet giant Google avoided tax on 10billion revenue last year by doubling the amount of money put into a shell company in Bermuda.

A surprising view from a Tory MP – and ally of George Osborne – as mansion tax row rages

'My home is worth more than 5million – and I want to pay more tax on it': A surprising view from a Tory MP – and ally of George Osborne – as mansion tax row rages The MP for Straford-Upon-Avon says we must ensure 'those with the broadest shoulders carry the biggest burden'Already, the richest in the country will be paying a greater share of tax But, one area of system does not adhere to that principle – council tax | UPDATED: 16:33 GMT, 25 November 2012 While it should be applauded that we’ve reduced the deficit by a quarter in just two-and-a-half years, we have to remember that we’re still borrowing almost 400 million a day. The Government has always been clear that the deficit will be eliminated by a mixture of spending cuts and tax rises