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.
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