Google would lose case over unpaid taxes: France

Advertisement
By Agence France Press | Updated: 21 November 2012 11:07 IST
France's Budget Minister Jerome Cahuzac said on Tuesday Google would never win a court case contesting a huge tax bill claimed by French authorities.

Cahuzac said he had "the most genuine conviction" that the courts would back France's claim against Google over unpaid taxes.

Speaking to reporters in Nanterre near Paris, he said French authorities were in talks with Google and had provided the Internet giant with an estimate of the amount owed.

Paris-based news weekly Le Canard Enchaine reported in its edition due to appear Wednesday that the tax bill stood at 1.7 billion euros ($2.17 billion), up from a previous estimate of a billion euros.

Advertisement

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

Advertisement

France has also demanded $252 million in back taxes from online retailer Amazon, which uses a similar structure involving a Luxembourg-based holding company to reduce its exposure to French corporate tax.

Google is also under pressure for alleged tax avoidance in Britain, where officials have said it paid only £3.4 million ($5.4 million, 4.2 million euros) in British corporate tax last year on revenues totalling about £2.5 billion.

Advertisement

In an interview with the New York Times earlier this month, Google chairman Eric Schmidt said he hoped the firm would reach a settlement by the end of the year with authorities in France.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Google, Google taxes, Internet
Advertisement

Related Stories

Popular Mobile Brands
  1. Ek Deewane Ki Deewaniyat OTT Release Date: When and Where to Watch it Online?
  2. Pernikahan Dini Gen Z on Netflix Explores Young Love, Dreams, and Tough Realities
  1. Love Me Love Me OTT Release Date Revealed: Know When and Where to Watch it Online
  2. Pernikahan Dini Gen Z Now Streaming on OTT: A Teen Drama on Love, Choices, and Life-Changing Consequences
  3. A Misanthrope Teaches a Class for Demi-Humans To Stream Soon on Crunchyroll
  4. Electricity-Driven Nitrogen Insertion Opens a Sustainable Path to Drug-Ready Heterocycles
  5. 90s - A Middle Class Biopic Out on OTT: Know Where to Watch This Telugu Drama Series
  6. Ek Deewane Ki Deewaniyat OTT Release Date: When and Where to Watch it Online?
  7. OnePlus 15T Display, Camera, and More Details Leaked Online
  8. Industry OTT Release Date: When and Where to Watch it Online?
  9. Human Specimens Now Streaming on Prime Video: A Chilling Japanese Mystery You Shouldn’t Miss
  10. Santhana Prapthirasthu Now Streaming on Prime Video and JioHotstar: What You Need to Know
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.