Monday, May 16, 2016

Don't be evil! Church of England invests millions in Google despite promising to confront companies accused of tax avoidance

From The Daily Mail-

The Church of England is investing millions of pounds in Google despite its promise to confront companies accused of tax avoidance, it emerged last night.

Details of the finances of the Church, which is headed by the Archbishop of Canterbury, were revealed in a report yesterday.

In the report, Alphabet Inc, Google's parent company, is listed among the Church's '20 most valuable equity holdings', although the size of the investment is not specified.

In 2011 the Church's investment in Google - whose motto is 'Don't be evil' - was listed as £15.7million, The Times reported.

Archbishop Justin Welby has been among the most vociferous critics of multinational firms, like Google, who cut their tax bill through complicated accounting methods

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