Open

Coming up

Don't miss

Replay


LATEST SHOWS

LIFESTYLES

New smart devices

Read more

BUSINESS DAILY

Valls needs to satisfy Socialists with €50bn cuts plan

Read more

MIDDLE EAST MATTERS

Spat over Iran's UN ambassador hampers thawing of relations with US

Read more

#THE 51%

The Peacemakers: Does gender really make a difference?

Read more

DEBATE

Fatah-Hamas Talks: Towards a United Palestinian Front? (part 2)

Read more

AFRICA NEWS

S. Sudanese rebels accused of ethnic slaughter in oil town

Read more

MEDIAWATCH

Fascist finger-pointing

Read more

MEDIAWATCH

Hollande carries the cross of unemployment

Read more

DEBATE

Fatah-Hamas Talks: Towards a United Palestinian Front?

Read more

  • Violent protests erupt in Rio de Janeiro

    Read more

  • French hostage Gilberto Rodrigues Leal has died, Islamists say

    Read more

  • Chelsea, Atletico draw 0-0 in first leg of Champions League semis

    Read more

  • French actress Catherine Deneuve to sell €4 million château

    Read more

  • Ukraine to relaunch offensive in the east after politican 'tortured'

    Read more

  • Echoes of 2pac and Biggie? French rap feud turns violent

    Read more

  • New French film tackles grisly anti-Semitic murder

    Read more

  • Photos link ‘little green men’ in Ukraine to Russian troops

    Read more

  • New anti-radicalisation plans aimed at fighting jihadism

    Read more

  • David Moyes sacked by Man United after just 10 months

    Read more

  • Hollande facing mounting pressure over Syrian refugees

    Read more

  • US probes new claims of chemical weapons use in Syria

    Read more

  • Islamist militants kill second Somali lawmaker in 24 hours

    Read more

  • Court orders US to release memos on drone strikes

    Read more

  • ‘I suffered mock executions,’ says freed French journalist

    Read more

  • S. Sudan rebels massacre hundreds in key town, says UN

    Read more

  • Air strikes kill scores of al Qaeda militants in Yemen

    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)