Diana Johnson
Main Page: Diana Johnson (Labour - Kingston upon Hull North)Department Debates - View all Diana Johnson's debates with the HM Treasury
(8 years, 3 months ago)
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Mr Gauke
My hon. Friend raises an important point. There is a need for international co-operation at an OECD level, which is the principal focus, and at an EU level. He will be aware of action that the European Commission has taken in respect of other member states that have had concerns about state aid.
Diana Johnson (Kingston upon Hull North) (Lab)
The Minister says that this deal does not amount to a 3% tax rate for Google, so for the sake of public confidence will he say what the actual tax rate is?
Mr Gauke
No—[Laughter.] That is because of taxpayer confidentiality. The point that I was trying to make was that the rate cannot be calculated by looking at profits from sales in the United Kingdom. The tax rate is currently 20%, and that applies to everybody, but the effective tax rate depends on the particular circumstances of any business.