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PARIS: Google announced Thursday (September 12th) that it had agreed to pay 465 million euros (513.3 million US dollars) in additional taxes to the French authorities, bringing it to nearly one billion euros. the total amount of the settlement ending a tax fraud investigation in the country.
The French public finance ministry had previously said that Google had agreed to pay a half billion fine to settle this four – year – old investigation.
"We have ended the tax and related disputes we have in France for many years," Google said in a statement.
"These agreements include a payment of 500 million Euros announced today by a French court, as well as an amount of 465 million additional taxes that we have agreed to to pay, "adds the text.
French Justice Minister Nicole Belloubet and Budget Minister Gerald Darmanin welcomed the "final settlement" of all contentious issues, adding that the result was the result of two years of intense work by the French authorities.
"This result is good news for public finances and tax fairness in France," their statement said.
Belloubet said the regulation showed that the French authorities had the necessary tools to guarantee a fair tax system.
"It's a historic settlement for both our public finances and because it marks the end of an era," said Darmanin. "By standardizing the situation of Google in France, (the regulation) meets the demands of tax fairness of our citizens," he said.
The settlement comes as France, along with its European allies, seek to find a ground of agreement with the United States in a long-standing dispute over the taxation of the digital giants.
French President Emmanuel Macron told US President Donald Trump at the G7 summit in August that the leaders had reached an agreement on the taxation of technology giants, although details remain to be clarified.
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