U.K. Claws Back $509 Million From ‘Google Tax’ Inquiries

Inquiries that fell into the scope of the U.K.'s “Google tax” have resulted in a 388-million pound ($509 million) clawback for the Treasury, up 38 percent from the previous year.

The amount was collected from just 22 businesses, indicating the size of the charges levied. It is also higher than the 360 million pounds forecasted by the U.K.'s tax authority, Her Majesty’s Revenue and Customs (HMRC).

The country’s diverted profits tax, or DPT—known as the Google tax—forms part of the U.K.'s attempts to combat what it perceives as abusive cross-border tax planning by global companies to ...