Wednesday 12 July 2017

Google escapes €1.1bn tax bill



Google is not liable for 1 .115 billion euros ( $ 1.272 billion ) in unpaid taxes claimed by the French state , a French court ruled Wednesday , saying the internet giant’ s Irish subsidiary is not taxable in France .

“ The French company Google Ireland Limited ( GIL ) is not taxable in France for the 2005 to 2010 period , ” the court ruled .

Google paid just 6 .7 million euros in corporate taxes in 2015 in France by booking revenues for its online empire at its European subsidiary in low- tax Ireland , a legal loophole prized by multinationals .

The group employs 700 people in France but advertising contracts for its search engine or video- sharing website YouTube are signed with its Irish subsidiary .

The French claim was the latest in a series against the California- based group , which faces mounting legal problems in the EU .

European action has become increasingly aggressive against US technology giants Amazon, Facebook and Apple as well as Google .

No comments:

Post a Comment