Monday September 19, 2016

Google May Face Over $400M Indonesia Tax Bill For 2015

I'm telling you, the flood gates are open and everyone wants a piece of Google, Apple, Facebook and everyone else that does business in these "tax friendly" countries now. I predict that we are going to see a lot more of this in the near future.

Indonesia plans to pursue Alphabet Inc's Google for five years of back taxes, and the search giant could face a bill of more than $400 million for 2015 alone if it is found to have avoided payments, a senior tax official said. Muhammad Hanif, head of the tax office's special cases branch, told Reuters its investigators went to Google's local office in Indonesia on Monday. The tax office alleges PT Google Indonesia paid less than 0.1 percent of the total income and value-added taxes it owed last year.