Wednesday February 24, 2016

France Seeks $1.76B In Back Taxes From Google

According to an anonymous source, France wants $1.76 billion in back taxes from Google. I'm not sure how much money Google saves with its "aggressive tax optimization techniques" but how much money would a company have to make in France to owe the country that much money?

France is seeking 1.6 billion euros ($1.76 billion) in back taxes from U.S. Internet giant Google, criticized for its use of aggressive tax optimization techniques, a source at the finance ministry said on Wednesday. "As far as our country is concerned, back taxes concerning this company amount to 1.6 billion euros," the official, who declined to be named, said. A spokeswoman for Google France declined to comment.

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