‘Double Irish’ Tax Crackdown On Google – Apple, Amazon To Follow?

Google Inc (NASDAQ:GOOG) has been hit with a £24m tax bill in the UK following an investigation of its offshore structure. The figure relates to US shares given to Google staff in London and billed to the company’s Irish subsidiary, in the process reducing Google’s corporation tax liabilities in the UK. Google’s employees enjoy big share bonuses now… Google Inc (NASDAQ:GOOG)’s 2,000 employees in London are given shares each year by the US parent. In 2011, these were worth £51m and £50m in 2012. The cost is then billed to Google’s European HQ in Dublin. The result was Google paid…