Google will pay $550 million after French investigation over dodged taxes

Photo by Amelia Holowaty Krales / The Verge

Google has agreed to pay a nearly $550 million fine to settle an investigation in France over its tax practices, Reuters reports.

The company’s European office is headquartered in Dublin, Ireland, and like other companies, it reaps tax benefits from operating in the country. French officials had been probing whether Google failed to report all of its taxable work in France.

Along with the €500 million payment, a Google spokesperson said the company will also pay €465 million (about $515,000) in other tax payments.

“We have now settled tax and related disputes in France that have persisted for many years,” a Google spokesperson said in a statement. “The settlements comprise a €500…

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via The Verge – All Posts

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