NLNG Corporate Caring banner FirstGem 3rd anniversay lecture Fidelity bank card banner Emerald Energy Institute Camano banner

Tax men raid Google HQ as part of fraud probe

By News Express on 24/05/2016

Gmail icon

Views: 1,566


French finance officials have raided the Paris offices of US internet giant Google as part of a tax fraud investigation.

Reports say about 100 tax officials entered Google’s offices in central Paris early in the morning.

Police sources confirmed the raid. Google said: “We comply with French law and are co-operating fully with the authorities to answer their questions.”

Google is accused of owing €1.6bn ($1.8bn; £1.3bn) in unpaid taxes.

UK deal struck

The tax arrangements of international companies have come under close scrutiny recently.

Several have been accused of using legal methods to minimise their tax bills.

In Google’s case, its tax structure allows it to pay tax in the Republic of Ireland, even when sales appear to relate to the UK.

In January, it struck a deal with UK tax authorities to pay an extra £130m in tax for the period from 2005, but that deal was heavily criticised.

The UK Public Accounts Committee (PAC) said the £130m settlement “seems disproportionately small”, compared with the size of its UK business.

Europe’s competition authorities have been examining whether some deals struck by big companies with national tax authorities amount to illegal state aid.

In April, the EU unveiled plans to force large companies to disclose more about their tax affairs.

They will have to declare publicly how much tax they pay in each EU country as well as any activities carried out in specific tax havens.

The rules on “country-by-country reporting” would affect multinational firms with more than €750m in sales. (BBC)

*ONOME, PLS USE GOOGLE LOGO OR HQ SIGN

Source News Express

Posted 24/05/2016 7:01:28 PM

 

 

CLASSIFIED ADS

 

You may also like...
Breaking News: Names of abducted Chibok (Borno) female...

Tribunal rejects application seeking recount of ballot papers...

Girl 19, drugs ‘Okada’ rider, snatches motorcycle

EFCC arraigns former Acting DG of NIMASA for...

Lagos APC councillorship primaries holds today

IGP visits, Agatu, deploys additional units of MOPOL,...

EFCC declares war on doctors who give fake...

Urhobo leaders hail Delta lawmakers, congratulate Igbuya on...

Lagos postpones 2015 Carnival

‘Perfect Fraudster’ falls into RRS net

US offers $10M reward for information on Hezbollah...

Telecom executives on trial over staff suicides

 

Latest News BREAKING: Abducted lecturers escape from kidnappers' den Lagos Deputy Governor causes commotion on aircraft Five killed in Kogi election violence Pastor dies during 40-day dry fasting Kogi gov’ship: “How votes were sold at N500” The situation in Kogi more challenging than Bayelsa — Police PRO Only Oshiomhole’s exit will end crisis in Edo — Adams KogiBayelsa2019: Most voters who were willing to vote had opportunity to do so — INEC Edo 2020: Council APC leaders reaffirm support for Obaseki Okorocha, Amosun, Akeredolu, others to know fate as APC holds NEC meeting Why Benue farmers prefer ‘Kwankwaso’ cowpea Control of NDDC: Battle shifts to NASS

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (562,951 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (452,389 views) Shameless Genevieve Nnaji exposes breasts in public (401,546 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (335,876 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (303,720 views) 10 cars more expensive than Jets (281,345 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,828 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (257,030 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (238,587 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (224,973 views) Lagos plane crash: Journalist releases victims’ names (201,485 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (198,147 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (109) Business & Economy (4,574) Business Verdict (86) Columnists (1,144) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (704) Features (845) Global Business Monitor (493) ICT Monitor (67) International (4,215) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (486) News (54,040) Opinion (1,419) Pidgin (17) Politics (11,750) Religion (1,120) Sports (2,226) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera