Why are UKIP lying about Google?

‘Since yesterday Ukip have been promoting the idea that the EU is preventing the UK from taxing large corporations such as Google.

This has been posted on their FB page. And shared numerous times on Twitter.

Is there any truth in it?

In a word, no, although it is complicated. Companies like Google use a tax avoidance tactic called transfer pricing. It’s not something only EU countries suffer tax loses from. The US is not immune, Such income shifting costs the U.S. government as much as $60 billion in annual revenue, according to Kimberly A. Clausing, an economics professor at Reed College in Portland, Oregon.’

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