US internet giant Google has agreed a settlement totalling 945 million euros ($1.0 billion) to end a tax dispute in France under an agreement...
US internet giant Google has agreed a settlement totalling 945 million euros to end a tax dispute in France under an agreement announced in court on Thursday.
The settlement follows similar out-of-court agreements reached in Italy and Britain by Google in recent years, though the French agreement is much larger than the previous ones.French Justice Minister Nicole Galoubet and Budget Minister Gerald Darmanin welcomed the “definitive settling” of all the contentious issues, adding in a statement that it was the result of two years of intense work by the French authorities.
“It is a historic settlement both for our public finances and because it marks the end of an era,” Darmanin said. “By normalising Google’s situation in France, responds to our citizens’ demands for fiscal fairness,” he said.The settlement comes as France and its European allies seek to find common ground with the United States in a long-running dispute over the taxation of digital giants.
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