Open

Coming up

Don't miss

Replay


LATEST SHOWS

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

ENCORE!

Haute Couture: the hand-stitched clothing made in Paris that sells for the price of small yachts

Read more

IN THE PAPERS

'Caution, another Cast Lead lies ahead'

Read more

BUSINESS DAILY

Rising into the ranks of Haute Couture

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive

Read more

DEBATE

Gaza: How to Stop the Spiral? Israel Readies For Ground Offensive (part 2)

Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Are French high school students getting smarter?

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

  • Italy’s Trentin wins seventh stage of Tour de France

    Read more

  • Disgraced Suarez leaves Liverpool for Barcelona

    Read more

  • In pictures: Chanel, Dior and so much more at the Paris couture shows

    Read more

  • French ‘Civic Service’ eyes massive expansion amid huge demand

    Read more

  • Kurdish forces take over two oilfields in northern Iraq

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • In Pictures: Petrol station hit by Hamas rockets

    Read more

  • Manhunt as FIFA partner flees Rio hotel to avoid arrest

    Read more

  • Video: Living in Tel Aviv, under threat of rocket attack

    Read more

  • Video: Palestinians fear full Israeli military offensive in Gaza

    Read more

  • US prepared to negotiate Gaza ceasefire, Obama says

    Read more

  • Ukrainian forces close in on Donetsk

    Read more

Business

Google hopes for France tax deal ‘by end of year’

©

Text by News Wires

Latest update : 2012-11-21

Google chairman Eric Schmidt said on Monday that the company hopes for a settlement with France over a billion-dollar tax dispute “by the end of the year”, but insisted that the company did not want to pay for content it does not host.

Google chairman Eric Schmidt said Monday he hopes his firm will reach a settlement "by the end of the year" with authorities in France in a billion-dollar dispute over taxes.

"We had some good discussions, and I would expect that we will reach some kind of agreement by the end of the year," he told The New York Times in an interview.

Google did not immediately respond to an AFP inquiry on Schmidt's comments.

In the interview, the Google executive chairman appeared to maintain the company view that it does not owe a massive tax bill to France.

"Whenever you are dealing with government, you want to be very clear about what you will do and will not do," Schmidt was quoted as saying.

"And we don't want to pay for content that we do not host. We are very clear on that."

According to Paris-based news weekly Canard Enchaine, French tax authorities have made a billion-euro ($1.3 billion) claim against Google over financial transfers between Google's Irish holding company and its French unit for four tax years.

Google France told AFP this week that it had received no such tax claim, and that it complies with tax laws in all the countries in which it operates.

According to court documents, a Paris appeals court has rejected a request Google to invalidate the search and seizure of documents by French tax authorities.

According to the court decision dated August 31, the French tax authorities believe that "the company Google Ireland Limited in practice carries out commercial activities in France using the human and material resources of the company Google France, without making the corresponding tax declarations."

Google reduces the amount of tax it pays in France by funneling most revenue through a Dutch-registered intermediary then to a Bermuda-registered holding Google Ireland Limited, before reporting it in low-tax Ireland.

(AFP)

Date created : 2012-11-05

  • INTERNET

    France 'hits Google with €1 billion claim' in content row

    Read more

  • FRANCE

    Google to meet President Hollande over content bill dispute

    Read more

  • INTERNET

    Google threatens to stop linking to French media sites

    Read more

Comments

COMMENT(S)