Like other tech giants, Google has been accused of using legal loopholes to avoid paying many of the taxes it owes... and it's now tackling some of those claims head-on. Its parent company Alphabet has reached a deal with the UK to pay £130 million (about $185 million) in back taxes going as far as 2005. The settlement reflects a new, more direct approach that bases its payout on revenue from UK-based advertisers. In short, its taxes will reflect the actual size of its UK business -- logical, isn't it?
Source: Bloomberg