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UK Grills Google, Amazon On Tax Avoidance

Google, Amazon and Starbucks are being probed by UK lawmakers for using complex accounting methods avoid tax liabilities in the country. UK government's financial affairs monitoring agency, the Public Accounts Committee has questioned the companies' decision to have their businesses outside the country to help them avoid paying taxes. Amazon and Google have conceded that the companies use European tax jurisdictions which favour their UK operations.

Read the whole story at Computer Business Review »

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