Google Invests $1 Billion To Build New London HQ

redletterdave writes "Google just purchased a 2.4-acre plot in the King's Cross Central development in London, where the company plans to build a brand-new, 1 million square foot office. Google reportedly invested about £650 million ($1.04 billion) on the property, which, when finished, will be valued at more than £1 billion ($1.6 billion). While Google traditionally leases its overseas offices, the company's decision to buy rather than rent in this case was likely tax motivated, since Google can't repatriate its cash to the U.S. without paying a hefty tax."

Comments

Re:Can someone explain how multinationals work?

[hughbar]

Great word bludgers! I think you may have meant bu**ers and I agree. Apart from how to tax them, we need to have a debate about whether we want these currently untaxable, intrusive, search-solely-for-profit [rather than search-for-general-utility in the economic sense] eavesdroppers in the middle of Kings Cross. Personally I preferred it as a red-light area.

Re:My freelance gig in front of Windows 8

[Runaway1956]

"my first windows was 3.11"

Geez, Louise, would you just get off the lawn? If you didn't diddle around with Windows 1 point anything, installed on an ancient DOS like 3.1, then you ain't done nothin'. (Oh yeah, Win1 would install onto any DOS - I had it on DRDOS and TRSDOS, both! None of that "Checking, checking, oops, we're not on MSDOS, crash and burn!"