No deal for Google tax, French finance minster warns after Paris raids – Telegraph.co.uk
8 months ago Comments Off on No deal for Google tax, French finance minster warns after Paris raids – Telegraph.co.uk
This increased scrutiny comes amid increasing European pressure on US multinationals to pay more tax, including a separate tax raid on McDonald’s French headquarters on May 18 . French media has reported that the fast food giant has been asked to pay €300m worth of unpaid French taxes that were diverted through Luxembourg and Switzerland.
Late last year, iPhone giant Apple agreed to pay a €318m back tax settlement to the Italian authorities and Google’s Paris office saw a similar tax raid back in 2011. .
Google is currently weathering several regulatory setbacks in Europe, including demands from the French government to apply the so-called “right to be forgotten” globally, rather than just within the EU. Google has appealed the demand, and the associated €100,000 (£75,000) fine applied by French data regulator CNIL. Its mobile software Android also faces a competition investigation by the European Commission.
No deal for Google tax, French finance minster warns after Paris raids – Telegraph.co.uk}