The Google tax is “really on the margins”

Posted on

The Guardian has reported Margaret Hodge's reaction to George Osborne's Google Tax. She apparently said:

This is an important symbolic statement but it is really on the margins … what you really need is international agreement and a really, really tough, determined HMRC.

I agree. Indeed, that's remarkably similar to my own reaction, and I did not brief her. But, Margaret has one of the astutest brains for the politics of tax, and her reaction is spot on. Osborne really has missed the point.