Google's Paris HQ raided by French tax authorities
French authorities have raided Google’s Paris headquarters as a part of an ongoing investigation into the corporate’s tax affairs within the nation. In February, studies claimed the federal government believed Google owed 1.6-billion Euros ($1.2-billion) in again taxes. In response to The Guardian, investigators have been on the scene at Google’s Paris headquarter at round 5am this morning, with the raid involving as much as one hundred investigators, studies in Le Parisien.
This is not the primary time a tech big has come beneath hearth for its tax dealings in Europe. Apple was fined $347-million in Italy, and Google’s UK operations have been squeezed for $185-million in a cope with the British authorities. Many giant US companies base their European operations in Eire (together with Google), which presents extra beneficial tax circumstances, however that is a state of affairs which could not final for much longer. In a press release given to Reuters, the French prosecutors consider the Irish-based mostly European headquarters is not full-filling its fiscal obligations within the nation. We have reached out to Google for remark.