CONTACT US

For any general inquiries, please fill in the following contact form:

Our websites never use cookies or other technologies such as pixel tags and web beacons. We only retain personal information when the contact section of our websites is filled. To proceed and get in touch with us through this format please read our Terms & Conditions, updated to be in line with the provisions of the GDPR, and tick this box to consent in us retaining the above information for contacting purposes only.

SUBMIT

Google to pay €1bn to end French tax probe

Google to pay €1bn to end French tax probe

Google is to pay French authorities almost €1bn (£900m) to end a long-running investigation into its taxes.

The settlement includes a €500m fine and additional taxes of €465m, but it is less than the tax bill authorities had accused Google of evading.

It rounds off a four year investigation that saw authorities raid Google's Paris headquarters in 2016.

Investigators said Google owed about €1.6bn in unpaid taxes amid a wider crackdown on tax planning of big firms.

French authorities had been seeking to establish whether Google, which has its European headquarters in Dublin, failed to declare some of its activities in the country.

The search giant, which is part of Alphabet, pays little tax in most European countries because it reports almost all of its sales in Ireland.

It is able to do that thanks to a loophole in international tax law. However, that loophole hinges on staff in Dublin concluding all sales contracts.

The agreement allows Google "to settle once for all these past disputes," said Antonin Levy, one of the firm's lawyers.

In March, the EU hit Google with a €1.5bn fine for blocking rival online search advertisers and last year the European Commission levelled a record €4.3bn fine against the firm over its Android mobile operating system.

In January, France fined Google €50m a breach of the EU's data protection rules.

Source: https://www.bbc.com

MORE NEWS

Corbyn and Johnson deliver final messages as election polls narrow

Corbyn and Johnson deliver final messages as election polls narrow
Party leaders spend day travelling to key marginals urging voters to back their vision for the country.Jeremy Corbyn urged Britain to “shock...

Australia cartel case against Citi, Deutsche delayed by late night witness statement

Australia cartel case against Citi, Deutsche delayed by late night witness statement
SYDNEY (Reuters) - An Australian criminal cartel lawsuit against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) was postponed on ...

Exclusive: U.S. digs deeper into Deutsche role in Danske money laundering scandal - ...

Exclusive: U.S. digs deeper into Deutsche role in Danske money laundering scandal - sources
FRANKFURT/NEW YORK (Reuters) - The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA