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Google agrees to double tax settlement with France to nearly €1 billion

Lionel Bonaventure, AFP | Google pays little tax in most European countries because it reports almost all sales in Ireland.

Google said on Thursday it agreed to pay 465 million euros in additional taxes to French authorities, boosting the total settlement to end a fiscal fraud probe in the country to nearly 1 billion.

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France's financial prosecutor office earlier said Google had agreed to pay half a billion euros in fine to settle the four-year-old investigation.

"We have put an end to the tax and related disputes we had had in France for many years," Google said in a written statement.

"These agreements include a payment of 500 million euros announced today by a French court, as well as an amount of 465 million euros in additional taxes that we have agreed to pay," it added.

(REUTERS)

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