French taxmen raid Google's Paris office in alleged USD 2.5 bn tax evasion case
By TIOL News Service
PARIS, MAY 25, 2016: GOOGLE is facing tough times in EU. After the Anti-Trust charges and a USD 185 mn tax settlement deal with the HM-Revenue, it has run into trouble with the French tax authorities. As per various reports, the French authorities raided its Paris premises in early morning crackdown.
The French taxmen have alleged that Google has avoided paying corporate taxes to the tune of USD 2.5 bn by channelising company accounts through Ireland and then to a tax haven. The entire focus of the probe is to verify whether Google Ireland has a PE in France and whether it has declared its part of business done in the French territory.
The Google has issued a statement to the media that it was cooperating with the French authorities.
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