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After years of exchanges with the French tax authorities, Google has settled a tax fraud investigation, as the Attorney General of Finance told Reuters and AFP. Overall, Google will pay a fine of $ 549 million and arrears of $ 510 million (€ 500 million and € 465 million, respectively).
This is a regulation, which means that the French authorities abandon the lawsuits against Google In France. It covers activities from 2005 to 2018.
According to previous reports, the company owed about $ 1.3 billion in taxes. In 2014, Google started putting money aside for a potential fine.
This is a classic story of corporate tax optimization in Europe. For several years, Google has been advertising with its European headquarters in Ireland. The profits generated by these contracts would be taxed in Ireland.
Separately, France is working on a tax on the giants of technology. In order to avoid tax optimization schemes, large technology companies generating significant revenues in France are taxed on their revenues generated in France.
If you operate a marketplace or an advertising agency generating more than 750 million euros in global revenues and 25 million euros in France, you must pay 3% of your French income in taxes.
The United States has had a tragedy. President Donald Trump first said that the United States would impose tariffs on French wines.
France and the United States finally reached an agreement at the Group of Seven summit. The French government now hopes that the OECD will find a way to properly tax technology companies in the countries where they operate in order to remove the technology. French tax.
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