Economy

Google wins challenge against 1.1 billion euro French tax bill

Google wins challenge against 1.1 billion euro French tax bill”

USA internet giant Google on Wednesday won a court challenge against demands by French authorities that it pay 1.1 billion euros ($1.3 billion) in back taxes.

In a decision issued Wednesday afternoon, Paris's administrative tribunal ruled that Google's lucrative advertising-sales business had no taxable presence in France - absolving it of income or sales taxes on advertising income from French clients.

In 2015 the company paid just 6.7m euros in corporate taxes in France.

The ruling covers the period between 2005 and 2010.

More news: What the World Needs Now Is the First 'The Tick' Trailer

European action has become increasingly aggressive against USA technology giants Amazon, Facebook and Apple as well as Google.

Newly elected French President Emmanuel Macron promised to get tough on U.S. internet giants during his campaign, seeing their low tax rates as a source of resentment about globalisation and unfair on European companies.

Italian and British authorities have struck deals with Google to reclaim some of the tax they believe the search giant owed. But the figures agreed were much smaller, amounting to hundreds of millions of dollars rather than the $1.3bn claimed by France.



Like this

loading...
loading...

Latest


12 July 2017
Nuveen California Municipal Value Fund 2 of Beneficial Interest
Shares of Nuveen Global High Income Fund (JGH) have seen the volume moving average (VMA) climb over the past seven sessions. Karpus Management Inc. holds 0.44% of its portfolio in Nuveen Intermediate Duration Qlty Mun FD for 627,829 shares.

12 July 2017
Google Play Movies & TV Gets HDR Playback
To get access to the enhanced version, you'll need the 4K version, but you won't have to repurchase if you already have it. The company does promise that "many of the movies our users love" will be getting support for high dynamic range playback.

12 July 2017
Big 12 Releases Preseason Football Team; Baker Mayfield Not a Unanimous Selection
A first-team All-Big 12 honoree by the coaches and AP, Thomas finished the season with 49 tackles, including 2.0 for loss. He is the only player in OU history to register at least 5,000 career passing yards (7,665) and rushing yards (582).

12 July 2017
Chelsea Clinton And Donald Trump's Heated Twitter Exchange
Much has been made of the degree to which she disagrees with him on tone and substance. As for Trump, he told leaders at the World Bank event that he was very proud of Ivanka.

12 July 2017
'Talent' Unfazed by MLB All-Star Game
It was the first time the game failed to draw in more than 10 million viewers and was down 20 percent in total viewers. Now ranks as the #1 show of the night on the Big 4 in adults 18-49 and total viewers, pending updates.

12 July 2017
Do you live in the world's laziest country?
The researchers say using anonymous data from smartphones is an "immensely powerful tool" for conducting this kind of research. The United States and Mexico both have similar average steps, but the U.S. has higher activity inequality and obesity levels.

12 July 2017
NICB Details America's 10 Most Stolen Vehicles in 2016
The Chevrolet Pickup was the top vehicle stolen in 14 states and the Ford Pickup was the leading vehicle swiped in 10 states. The two models made by the Japanese carmaker accounted for 42% of the top 10 top thefts in the crime bureau's tally.

12 July 2017
White House Believes Leaks Came From Kushner or Manafort
Kasowitz, with whom Trump has grown "disillusioned", according to the New York Times's Peter Baker and Maggie Haberman. The president's frustration appears to have taken aim at his longtime personal attorney Marc E.

12 July 2017
Destiny 2 Projected to See 3 Million Unit Sales on PC
You'll also get to try a co-operative Strike mission, as well as sample the game's competitive Crucible multiplayer mode. Destiny 2 coming with the bundle is a bonus, and a rather huge one at that.

12 July 2017
Meridian Wealth Management LLC Invests $441000 in Netflix, Inc. (NFLX)
About 4.11M shares traded. (NASDAQ: NFLX ) was up +1.09% during the last trading session, with a day high of 155.23. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0.23% in Netflix, Inc.