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Google Reaches Tax Settlement with U.K.

Parent company will pay $185 million after agreeing to a new approach for calculating U.K. taxes.

By Brian Womack, Bloomberg | Updated on January 25, 2016

Google parent Alphabet Inc. has agreed to pay 130 million pounds (US$185 million) in a tax settlement with U.K. authorities, setting off a backlash as opposition politicians questioned the government’s handling of the case.

Google will adopt a new approach for U.K. taxes, and the settlement covers taxes going back to 2005, the company said Friday in an emailed statement. Alphabet, which owns the Google search engine, has been criticized for paying a fraction of the taxes due on sales in the U.K. For example, the tech giant paid $16 million in U.K. corporation tax from 2006 to 2011 on $18 billion of revenue, according to a panel in 2013.

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