Google agrees nearly $1.07b tax settlement with France
US internet giant Google has agreed a settlement totalling 965 million euros ($1.07 billion) to end a tax dispute in France under an agreement announced in court on Thursday. The company will pay a 500-million-euro fine for tax evasion, as well as a further 465 million euros to settle claims with French tax authorities. In a statement, Google confirmed the settlement and hailed the fact it had put an end to fiscal differences that it had had with France for numerous years. The settlement follows similar out-of-court agreements reached by Google in Italy and Britain in recent years, though the French agreement is much larger than the previous ones. Google said it now wanted to see a coordinated reform for a clear international taxation framework.
Source: AFP
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