Boris Johnson has urged the government to make multinational companies such as Google pay their share of tax in the UK instead of pushing ahead with “absurd” Liberal Democrat proposals to impose a mansion tax on large homes. The mayor of London stoked the debate over taxation paid by US companies on their UK operations by suggesting Google, which bases its European unit in low-tax Ireland, should hire unemployed British 18-24-year-olds in recompense. The London mayor used a speech to business leaders at the annual Confederation of British Industry conference to make the case for “low but fair” taxes, as well as taking a swipe at Lib Dem policies. Vince Cable, the Lib Dem business secretary, revived his party’s call for a mansion tax at the weekend when he indicated plans for higher council tax bands for homes worth more than £1m would be included in the autumn statement on 5 December. Johnson warned high rates of personal tax would make Britain less competitive and said it was absurd to be “whacking up” taxes on many Londoners living in nominally expensive homes who had little disposable income, when firms like Google “are paying zero”. He said: “Neither arrangement strikes me… Read full this story
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