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France requests EUR 1 bln in Google back taxes - report

Wednesday 31 October 2012 | 09:10 CET | News
The French revenue service has sent a recorded delivery letter to Google requesting EUR 1 billion for four years of tax back-payments based on an investigation into so called "transfer prices" between its French subsidiary and its holding company in Ireland. Le Canard Enchaine reports that Google France generated an annual revenue estimated at EUR 1.25-EUR 1.4 billion, yet it only declared EUR 138 million of business, paying slightly over EUR 5 million in corporation tax. Google Europe revenues are declared in Ireland before being transferred to the Netherlands and on to Bermuda through an

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Categories: Internet
Companies: Google
Countries: France
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