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Google pays $1.1B to settle French tax dispute; Apple and others may be next


Added 09-13-19 07:31:01am EST - “Google has agreed to pay almost ?1B ($1.1B) to settle a French tax dispute. The amount comprises ?465M in underpaid taxes, and a fine of ?500M. Apple ...” - 9to5google.com

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Posted By TheNewsCommenter: From 9to5google.com: “French tax dispute: Google pays $1.1B, Apple may be next - 9to5Google”. Below is an excerpt from the article.

Google has agreed to pay almost €1B ($1.1B) to settle a French tax dispute. The amount comprises €465M in underpaid taxes, and a fine of €500M.

Google said on Thursday it agreed to pay 465 million euros in additional taxes to French authorities, boosting the total settlement to end a fiscal fraud probe in the country to nearly 1 billion.

France’s financial prosecutor office earlier said Google had agreed to pay half a billion euros in fine to settle the four-year old investigation.

We have now settled tax and related disputes in France that have persisted for many years. The settlements comprise a €500 million payment that was ordered today by a French court, as well as €465 million in additional taxes that we had agreed to pay, and that have been substantially reflected in our prior financial results.

We continue to believe that the best way to provide a clear framework for companies that operate around the world is co-ordinated reform of the international tax system.

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