Google says it has paid more than $1B to French authorities to settle a years-long dispute over allegations of tax fraud.
Tech giant Google said Thursday it has paid over one billion dollars to French authorities to settle a years-long dispute over allegations of tax fraud.
French investigators have since 2015 been investigating Google's tax set-up. The company, like many multinationals, declares profits from activities across the E.U. in one country, usually a low-tax state. Google declares most of its earnings in Ireland. The move on Google comes as the French government steps up its effort to more fairly tax the digital operations of companies. In July, it put a pioneering 3% tax on tech giants like Facebook, Amazon and Google.
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