Google has completed a £1bn deal to build a new UK headquarters on 2.4 acres of disused land behind King’s Cross Station, underlining the global technology industry’s commitment to London.
So, Google is building a fancy new HQ here. But does that mean it will be making any sales here in future when they're all recorded in Ireland right now? And does that mean that they might pay tax in the UK on all the profits arising here? Or is it really the case that this is just a way of getting rid of part of the near $10 billion they put into Bermuda in 2011?
My bet is on the latter.