Google will pay France 965 million euros for tax evasion
Google is one of the largest American companies, which is part of the Alphabet holding. This is one of the most expensive companies in the world and receives large profits from its activities, and is also one of the largest taxpayers. However, when earning large incomes, there is always the temptation to get even more profits and achieve enrichment by avoiding taxes.
So, the financial prosecutor's office in France in 2016 accused Google of tax evasion in this European country. According to the results of the investigation, it was found that the company underpaid 1.6 billion euros to the French treasury.
After several years of litigation, the parties managed to agree and conclude an amicable agreement. According to its terms, Google has committed to pay a fine of 500 million euros for violation of tax laws, as well as to pay 465 million euros in order to pay off taxes received by the budget of France. In total, the search giant will transfer 965 million euros to the treasury of France.
The amount is not unprecedented and for one of the wealthiest companies in the world is not unbearable. But around the Internet giant, an extremely negative background is created in Europe. The amicable agreement with the French authorities only confirms that the company is "not at hand."
Earlier, Google was accused of violating the antitrust laws of the eurozone and unfair competition. As a result, the European Commission fined the company 4.3 billion euros.