Europe Splits Over Google Tax Deal

By Kelley Chittenden

Google recently announced a contentious $185 million settlement regarding back taxes following a six-year inquiry from British tax authorities. British Prime Minister Cameron defended the deal, while both the opposition Labour Party and Conservative politicians have questioned it, reflecting popular opinion that multinational companies such as Google are treated too generously. The presence of multinational corporations such as Google in various nations can increase global competitiveness, but European Union officials plan to address the issue of improper tax breaks resulting from corporate sidestepping.