Google Pays More Than $1 Billion to Settle French Tax Cases
September 12 2019 - 11:34AM
Dow Jones News
By Sam Schechner
PARIS--Google is set to pay more than $1 billion in fines and
back taxes to settle a pair of tax disputes in France, where it has
faced years of investigations into whether it has properly declared
all of its activity in the country.
The Alphabet Inc. (GOOG) subsidiary said Thursday that a court
has approved a EUR500 million ($553 million) fine it had agreed to
in a settlement of a tax-related probe with France's financial
prosecutor. The prosecutor has since 2015 been investigating Google
for aggravated tax evasion.
In addition, Google said Thursday that it had earlier agreed to
pay EUR465 million in back taxes to France's tax authority, which
had for years argued that Google was underpaying its taxes.
The tax authority had earlier issued Google a EUR1.11 billion
tax bill for the years from 2005 to 2010, but Google appealed and
in 2017 a French court threw the bill out.
"We have now settled tax and related disputes in France that
have persisted for many years," a Google spokesman said, adding
that prior settlement with the French tax authority was already
"substantially reflected" in Alphabet's prior financial
results.
Write to Sam Schechner at sam.schechner@wsj.com
(END) Dow Jones Newswires
September 12, 2019 11:19 ET (15:19 GMT)
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