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Google hits back at MPs over low tax claims

Tax Return

Representatives from Google have defended the technology company's various subsidiaries in so-called tax havens in a hearing with the Public Accounts Committee (PAC), pointing out that the company paid corporation tax at an average rate of 19 per cent worldwide.

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Apple is the largest taxpayer in the world, says CFO

Top Apple executives from Apple have voiced their violent disapproval of Tuesday's decision by the European Union to order Ireland to recover up to 13 billion euros ($14.5 billion) in back taxes from the tech giant.