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There's controversy tonight over Google's deal with the Treasury | :00:22. | :00:25. | |
to pay ?130 million in retrospective tax for the past decade. | :00:26. | :00:31. | |
Labour called the sum "derisory" and they want it investigated | :00:32. | :00:36. | |
But the Chancellor George Osborne said the deal was a vindication | :00:37. | :00:42. | |
Here's our business correspondent Joe Lynam. | :00:43. | :00:45. | |
OK, Google, how much tax does Google play in Britain? | :00:46. | :00:49. | |
Google's tax affairs are quite popular search item | :00:50. | :00:52. | |
in the UK, especially now it has agreed to pay ?130 million | :00:53. | :00:58. | |
of back taxes to HMRC, but there are some who feel | :00:59. | :01:00. | |
it is a fraction of what should have been paid. | :01:01. | :01:04. | |
I have been campaigning on this for the last 15 years. | :01:05. | :01:06. | |
But to be frank, it looks like what independence assessors | :01:07. | :01:16. | |
have said, this is only paying 3% of tax. | :01:17. | :01:19. | |
Most corporations are paying 20%, ordinary individuals are paying | :01:20. | :01:21. | |
I think most people will think this is unfair. | :01:22. | :01:26. | |
Google enjoyed sales of ?4.6 billion in the UK in 2015. | :01:27. | :01:33. | |
Google enjoyed sales of ?4.6 billion in the UK in 2014. | :01:34. | :01:36. | |
Under normal circumstances, companies would have | :01:37. | :01:37. | |
Because Google routes its UK sales via Ireland and then | :01:38. | :01:42. | |
on to the Caribbean, it pays much less each year | :01:43. | :01:45. | |
than this ?130 million tax deal, which covers | :01:46. | :01:46. | |
So does Google now accept it has been paying too little? | :01:47. | :01:51. | |
We were applying the rules that there were, that was then. | :01:52. | :01:55. | |
Britain accounts for 10% of Google's total sales but only a sliver | :01:56. | :02:02. | |
Is getting the company to pay more tax merely an effort | :02:03. | :02:08. | |
When I became Chancellor, there were some companies that paid | :02:09. | :02:14. | |
That rightly caused a lot of public anger. | :02:15. | :02:19. | |
Now we have companies like Google paying tax | :02:20. | :02:23. | |
and I want the message to go out that in Britain, | :02:24. | :02:26. | |
taxes are low and they have to be paid and I expect | :02:27. | :02:29. | |
Apple, the world's largest company, Amazon, | :02:30. | :02:35. | |
the biggest online retailer, Starbucks, the number one | :02:36. | :02:38. | |
coffee franchise are all under the spotlight. | :02:39. | :02:41. | |
Facebook paid only ?4000 in UK corporation taxes last year. | :02:42. | :02:44. | |
It may take a while to close the book on creative tax arrangements. | :02:45. | :02:54. | |
Live now to Davos and our economics editor there, Kamal Ahmed, | :02:55. | :02:59. | |
How fair is the criticism of the deal? | :03:00. | :03:06. | |
Well, when it comes to tax issues, fairness is a pretty subjective | :03:07. | :03:14. | |
concept. I think Google probably knew it would get something of a | :03:15. | :03:19. | |
backlash about this agreement, ?130 million paid over ten years is not | :03:20. | :03:23. | |
huge amount of money for a company that makes billions of dollars of | :03:24. | :03:27. | |
profit year, and would frankly pay that kind of money to most of its | :03:28. | :03:31. | |
senior executives. I think Google would point out when it comes down | :03:32. | :03:35. | |
to fairness, there are a couple of arguments on its side. | :03:36. | :03:53. | |
Firstly, it is an American company and tax law says therefore it should | :03:54. | :03:57. | |
pay most of its tax in America, just like the British company if it was | :03:58. | :04:00. | |
operating abroad, would still pay most of its tax in Britain. | :04:01. | :04:02. | |
Secondly, the European single market allows it to have a headquarters | :04:03. | :04:05. | |
where it wants to. It chooses Dublin because it has low corporation tax. | :04:06. | :04:07. | |
That, it says, is perfectly legal. Then it comes down to the issue of | :04:08. | :04:11. | |
its competitors. Google is not the only controversial company here. Joe | :04:12. | :04:17. | |
Lynam pointed out Facebook. That paid ?4000 in corporation tax in | :04:18. | :04:24. | |
2014. In that same year, Google paid over ?20 million in corporation tax. | :04:25. | :04:28. | |
It will say where is the fairness that it is getting criticism when | :04:29. | :04:32. | |
some of its competitors have maybe not yet made a deal with the tax | :04:33. | :04:34. | |
authorities. Ten US states - affected | :04:35. | :04:38. | |
by the huge blizzard there - The storm is reported to have killed | :04:39. | :04:41. | |
at least nine people. Road, rail and airline travel has | :04:42. | :04:45. | |
been paralysed along the eastern coast, and tens of millions | :04:46. | :04:47. | |
of people have been affected. Our correspondent Laura | :04:48. | :04:50. | |
Bicker is in Washington. What are the predictions for the | :04:51. | :05:03. | |
next few hours and days? Here we are, 24 hours in and this is the | :05:04. | :05:07. | |
next few hours and days? Here we nation's capital on what should be a | :05:08. | :05:10. | |
busy afternoon. The roads have been abandoned. As you head the | :05:11. | :05:16. | |
pavements, 13 inches of snow has fallen overnight they are expecting | :05:17. | :05:20. | |
a further ten inches over the next few hours. There are many more hours | :05:21. | :05:23. | |
of this storm still to come. Some attempted to clear | :05:24. | :05:27. | |
a path, but there are very few venturing | :05:28. | :05:30. | |
out to use it. The President is said to have worked | :05:31. | :05:32. | |
from the White House throughout the blizzard, | :05:33. | :05:35. | |
as the nation's capital The city's two main airports felt | :05:36. | :05:36. | |
abandoned, as over 6,000 flights were cancelled up and | :05:37. | :05:44. | |
down the east coast. And those who tried | :05:45. | :05:47. | |
to drive struggled. Eight people have been | :05:48. | :05:51. | |
killed in car accidents. In Kentucky, around | :05:52. | :05:56. | |
3000 vehicles are stuck on a main motorway, | :05:57. | :05:58. | |
some have been trapped there for hours in | :05:59. | :06:01. | |
freezing temperatures. They tell us we are going to get | :06:02. | :06:04. | |
you out of here very soon. Police were forced to set | :06:05. | :06:08. | |
up emergency shelters In New York they tried | :06:09. | :06:14. | |
to reclaim Times Square But in New Jersey they failed | :06:15. | :06:19. | |
to fight the flood during high tide. This is an emergency event | :06:20. | :06:27. | |
and we are very much still in our emergency | :06:28. | :06:35. | |
response phase. This has been billed as one | :06:36. | :06:39. | |
of the worst storms in Washington's history, but there are some | :06:40. | :06:47. | |
who simply cannot hide their joy Tian Tian is one of the few | :06:48. | :06:50. | |
out in the weather doing his own kind of | :06:51. | :06:56. | |
dance in this storm. Well, this is still continuing as | :06:57. | :07:13. | |
the snow continues to fall. And as a side, the advice is still to find a | :07:14. | :07:15. | |
safe place and stay there until this The Labour leader Jeremy Corbyn has | :07:16. | :07:27. | |
visited a migrant camp He was given a tour | :07:28. | :07:30. | |
of the Grande-Synthe camp near Dunkirk, meeting | :07:31. | :07:33. | |
migrants and aid workers. He described conditions | :07:34. | :07:35. | |
as "dreadful" and said to understand more about the nature | :07:36. | :07:36. | |
of the refugee crisis facing Europe. Johanna Konta has become the first | :07:37. | :07:44. | |
British woman to reach the fourth round of the Australian Open tennis | :07:45. | :07:47. | |
in Melbourne for 29 years. Andy Murray is also into the last 16 | :07:48. | :07:49. | |
- but he had to rush to hospital Playing professional tennis | :07:50. | :07:53. | |
is a strange occupation. For hours, you are insulated | :07:54. | :07:58. | |
from the outside world. Andy Murray is used to that | :07:59. | :08:02. | |
and used his opponent, He played in three times last year, | :08:03. | :08:04. | |
so knows his rhythms and intentions Sousa is known in Portugal | :08:05. | :08:10. | |
as Conquistador, Conqueror, a reference to his | :08:11. | :08:15. | |
birthplace rather than his tennis, but he is capable | :08:16. | :08:17. | |
of reclaiming ground. In the second set he took full | :08:18. | :08:20. | |
advantage of a Murray slump. The world number two had been lured | :08:21. | :08:25. | |
into a fight but he is more The significance of this | :08:26. | :08:29. | |
blow in the first game Sousa's serve had been broken, | :08:30. | :08:32. | |
eventually his resistance Murray finished | :08:33. | :08:36. | |
the job in four sets. his father-in-law, and tennis coach, | :08:37. | :08:42. | |
Nigel Sears, had collapsed Once Murray found out, | :08:43. | :08:46. | |
he visited him in hospital In Johanna Konta, might | :08:47. | :08:51. | |
Murray finally have some British company in the second | :08:52. | :08:56. | |
week of grand slams? Content is ranked above her | :08:57. | :08:58. | |
opponent, Denisa Alitova. Within the first game, | :08:59. | :09:01. | |
it was clear who was boss. Konta broke and won | :09:02. | :09:04. | |
the first set 6-2. The British number one | :09:05. | :09:07. | |
did not face a single break point, so assertive | :09:08. | :09:10. | |
was her performance. The second went the same way | :09:11. | :09:12. | |
as the first, Some are already calling it the game | :09:13. | :09:20. | |
of the season. Trailing three goals to one - | :09:21. | :09:35. | |
Liverpool clawed things back - before Norwich made it 4-4 | :09:36. | :09:38. | |
in injury time. Then this late strike from England | :09:39. | :09:40. | |
international Adam Lallana gave the Reds the win - | :09:41. | :09:43. | |
five goals to four. | :09:44. | :09:54. |