Investigators raid Google’s headquarters in Paris in tax evasion inquiry
PARIS: French investigators raided Google’s Paris headquarters on Tuesday as part of a tax evasion inquiry, the financial prosecutor’s office said. Google said it was fully complying with French law.
Facing public anger at the way multinational companies use their footprints around the world to minimise tax, France, Britain and others have sought ways to make sure Google , Yahoo! and other digital giants, who often have their tax bases in other countries, pay their taxes locally.
Investigators from the financial prosecutors office and France’s central office against corruption and tax fraud, accompanied by 25 IT specialists, took part in the raid.
“The investigation aims to verify whether Google Ireland Ltd has a permanent base in France and if, by not declaring parts of its activities carried out in France, it failed its fiscal obligations, including on corporate tax and value added tax,” the prosecutor’s office said in statement.
Google has based its regional headquarters in Dublin where corporate tax rates are lower than elsewhere in Europe.
The company, now part of Alphabet Inc, has been under pressure in recent years over its practice of channelling most profits from European clients through Ireland to Bermuda, where it pays no tax on them.
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Source:TimesofIndia
