Report: France needs Google to pay $1.seventy six billion in again taxes
France is reportedly demanding that Google pay 1.6 billion Euros ($1.seventy six billion) in again taxes. Reuters cited an nameless official on the finance ministry who stated, “So far as our nation is worried, again taxes regarding this firm quantity to 1.6 billion euros.” The ministry has not, nevertheless, formally commented on the matter. Google equally declined to remark.
This information comes simply weeks after Google settled with the UK authorities at $185 million for its tax optimization practices. Web corporations have lengthy irked European governments for producing monumental income of their nations whereas sustaining a “everlasting institution” in locations like Eire, the place they’re topic to a much smaller tax base.