In 2015 we paid 13.2 billion dollars in taxes worldwide, which is an effective tax rate of 26.4%', its representatives said when asked about the company's tax structures in Europe and the state aid investigation launched by competition Commissioner Margrethe Vestager. 'Apple is the largest taxpayer in the world. 'This would be contrary to the principle of the internal market', he added. Google has reservations about the Commission's Common Consolidated Corporate Tax Base (CCCTB) plans, which - Mr Cohen said - would increase costs for Google as it would require an establishment in every EU country. 'That is normal for multinational companies', he underlined, adding that Google pays a global effective tax rate of 19% and that the EU's overall rate is around 20%. Its Head of Economic Policy, Adam Cohen said that HMRS had looked into its transfer pricing arrangements and concluded that certain benchmarks needed to be adjusted. Several MEPs criticised Google for paying too little tax in EU countries and said that its deal with the UK revenue service (HMRC), whereby it will pay £130m in back taxes and higher ones in future, shows that Google was ethically off track. They specifically asked about the proposed requirement for country-by-country reporting of profits, taxes and subsidies and whether such information should be made public.īut the anticipated common consolidated corporate tax base (CCCTB) and company specific tax structures - such as Google's “Bermuda” structure, IKEA's “royalties” one, Apple's tax arrangements in Ireland and McDonalds' franchises – were also subject to intense debate. MEPs were keen to hear the multinational companies' views on the proposed directive against base erosion and profit shifting (anti-BEPS), which follows an agreement struck at OECD and G20 levels.

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