Google pays $1.10 billion to France in settlement

A photo of the outdoor view of Google’s France office
Google’s office in France

In 2016, investigators in France began scrutinizing Google, which had its European headquarters in Dublin, for tax evasion and fraud with claims that Google had not fully disclosed its dealing to the country in order to avoid paying the required dues.

Now, Google has finally agreed to pay $1.10 billion in settlement to French authorities in order to put an end to the fiscal fraud scrutiny that they have been subjected to in over five years.

Google confirmed that the $1.10 billion that is being paid to French authorities consists of a €500 million fine and €465 million in additional taxes.

Google didn’t state if the company’s operations in Europe were still going to continue but they reinforced their belief that a coordinated reform of the international tax system was essential to the existence of a good framework for organizations that operate on a global scale.

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Business Stance

Business Stance

Business Stance is dedicated to ensuring that every Nigerian comfortably stays one step ahead with an in-depth view of the global financial markets.

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