Google Agrees to Pay $140 Million in Back Taxes in Britain

Google will pay about $140 million in British back taxes in a concession driven by a shift in how the company will measure its success in the United Kingdom.

The terms disclosed Friday translate into 130 million pounds, a small sum for a business as prosperous as Google and its corporate parent, Alphabet Inc. The Mountain View, California, company has about $73 billion in cash.

Britain is one of Googles biggest markets outside the U.S., but the company has minimized its taxes in the country by keeping its European headquarters in Ireland, where tax rates are lower.

Read More: Googles Eric Schmidt Meets With Pope Francis at the Vatican

That tactic has spurred accusations that Google has been evading taxes.

Google says it will now base its British tax bill on U.K. advertising sales instead of just profit. 

                                                source :- http://www.nbcnews.com/

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500 million tweets a day and 230 million users: Twitters job of neatly summarizing the year is probably getting tougher each time. For 2013, the social networks displayed what happened and when in month-by-month summaries of both the major events and hashtags of the moment -- including the most-retweeted post of the year. It also has specialized synopses for sports, news, entertainment and showcase. The latter is curated highlights from Twitters selected publishing partners, so its pretty classy fare.

Twitters slightly limp #music service has ensured the same hashtag was the top trend of 2013, followed by #nowplaying at no.3. If you already cant remember whats gone down since January, hit up the source, or watch Twitters summary after the break, which pulls together Royal babies, typhoons, red pandas and well, the launch of its own six-secondvideo sharing service, into a single-minute highlight reel.

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