Friday, Apr 19 2024 | Time 08:06 Hrs(IST)
image
World


Google to pay 965 mln euros to settle fiscal disputes with France

Google to pay 965 mln euros to settle fiscal disputes with France

Paris, Sep 13 (UNI) US tech giant Google has agreed to pay 965 million euros (1.068 billion US dollars) to settle disputes with the French tax authorities in a fraud inquiry that began four years ago.
"These agreements include a payment of 500 million euros announced today by a French court, as well as an amount of 465 million euros in additional taxes that we have agreed to pay," said Google in a statement on Thursday.
"We have put an end to the tax and related disputes we had had in France for many years," it added.
French investigators have been seeking to establish whether Google, whose European headquarters are based in Dublin, failed to pay its dues to the state by avoiding to declare parts of its activities in the country, reported BBC.
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 because of 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 euros fine for blocking rival online search advertisers and last year the European Commission levelled a record 4.3bn euros fine against the firm over its Android mobile operating system.
Earlier in January, France had fined Google 50m euros a breach of the EU's data protection rules.
UNI AVK 0832/0838

More News

8 Kenyan military officers killed in plane crash

18 Apr 2024 | 10:55 PM

Nairobi, Apr 18 (UNI) A military helicopter crashed in northwestern Kenya on Thursday, resulting in the deaths of at least eight senior officers, a security source has confirmed.

see more..

Zambia, WHO seek to strengthen cooperation to fight cervical cancer

18 Apr 2024 | 9:22 PM

Lusaka, Apr 18 (UNI) Zambia and the World Health Organization (WHO) on Thursday pledged to strengthen cooperation in the fight against cervical cancer in the southern African country.

see more..

Iran vows tit-for-tat response should Israel attack its nuke sites

18 Apr 2024 | 9:19 PM

Tehran, Apr 18 (UNI) A senior Iranian military commander threatened on Thursday to target Israel's "nuclear facilities" should it attack Iran's nuclear sites.

see more..

4 gov't officials killed in terrorist attack in NW Pakistan

18 Apr 2024 | 9:13 PM

Islamabad, Apr 18 (UNI) Four officials of Pakistan Customs were killed and two other people injured in a terrorist attack in the country's northwest Dera Ismail Khan district of Khyber Pakhtunkhwa province on Thursday, police officials said.

see more..

Iran may reconsider nuclear policy over threats from Israel

18 Apr 2024 | 5:34 PM

Tehran, April 18 (UNI) Iran may reconsider its nuclear policy in the light of the threat from Israel, Iran's a senior Islamic Revolutionary Guard Corps (IRGC) commander Ahmad Haghtalab said on Thursday.

see more..
image