British government says 'Google Tax' will come into effect next month

LONDON — George Osborne confirmed in Wednesday's Budget speech that the so-called "Google tax" will come into affect next month. The Chancellor of the Exchequer used the final Budget before the general election in May to announce that the Diverted Profits Tax, which is "aimed at large multinationals who artificially shift their profits offshore", will be introduced from April 1. The tax was flagged during the Autumn Statement in December 2014, and levies a 25% charge on companies who divert th...