The French government and Google have reached a €945 billion ($1 billion) settlement over tax fraud allegations, concluding investigations by authorities that have been ongoing for years. A Paris court approved the penalty on Thursday of €500 million ($551 million) over charges of tax evasion, and an additional €465 million to settle claims with French tax authorities. The ruling concludes investigations by the French authorities which have been ongoing since 2015. Tax investigators concluded that Google failed in its tax obligations by not declaring activity on French territory to the authorities. Watch video 01:50 Share France passes law to tax big tech Send Facebook Twitter google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine Permalink https://p.dw.com/p/3LxYf France passes law to tax big tech Historic settlement French Justice Minister Nicole Belloubet and Budget Minister Gerald Darmanin praised the “definitive settling” of all the contentious issues. ”This outcome is good news for the public finances and fiscal fairness in France,” they said in a statement. Belloubet added that the settlement showed French authorities have the tools to ensure an equitable tax system. “It is a historic settlement both for our public finances and because it marks the end of an era,” said Darmanin. Google said in a statement: “We remain convinced that a coordinated reform of the international… Read full this story
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