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UK Chancellor Says “Google Tax” On Diverted Profits Will Come Into Effect Next Month

houses of parliament UK Chancellor George Osborne today confirmed that a new tax dubbed the “Google tax” — because of its aim at tech companies that divert profits made in the UK — will come into effect next month, from April 1. He also pledged £600 million ($880 million) to improving broadband in the country. The 25% Google tax is part of a wider aim of raising some £3.1 billion… Read More