Scottish Mortgage's Anderson: Google should pay more tax

Owns £120m of shares in parent company Alphabet

James Anderson, manager of the £3.2bn Scottish Mortgage investment trust, has called on Google and other multinationals to pay a higher rate of tax set at a global level, after the tech giant's 'sweetheart deal' with HM Revenue & Customs caused uproar.

The US tech company agreed to pay a £130m sum, which covers tax payments dating back to 2005, but the deal has come under fire from the Labour Party, as well as other European leaders. Anderson, who owns £120m of shares in Google's parent company Alphabet and is one of the company's biggest British shareholders, told The Times it was time for Google and other multinationals such as Facebook to voluntarily pay far higher tax rates in countries where they operate. He said: "It is in the long-term interests of Google and others of that ilk to pay decent rates of tax and that they and oth...