ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.
Everyone is at fault for Google Inc.’s failure to pay enough tax, says a committee of MPs in the U.K. Parliament. Firstly, Google and its bosses are wrong for being greedy. Their accountants are accused of being naughty heads in helping Google to squirrel money into tax shelters in Ireland. And finally, the tax inspectors in HM Revenue and Customs are chastised for being dunces in failing to see through Google’s clever schemes. Everyone is at fault. Everyone, except of course the MPs themselves and the legislators in America, in Europe and elsewhere who over many years constructed this Frankenstein’s monster, that is the global corporate tax system.