Google France Being Raided For Unpaid Taxes (reuters.com)

jones_supa writes: Investigators in France have raided Google's Paris headquarters amid a probe over the company's tax payments, Reuters reports. The French Finance Ministry is investigating $1.8 billion in back taxes. According to a report in French daily Le Parisien, at least 100 investigators are part of the raid at Google's offices. A source close to the finance ministry said that the raid at Google's offices has been ongoing on Tuesday since 03:00 GMT. In February, a source at the French Finance Ministry told Reuters that the government was seeking the $1.8 billion from Google. At the time, official spokespeople for Google France and the Finance Ministry refused to comment on the situation. Google could face up to a $11.14 million fine if it is found guilty, or a fine of half of the value of the laundered amount involved. In April, the EU revealed plans to force multinationals such as Google, Amazon and Facebook to disclose exactly where and how much tax they pay across the continent. A new clause was added since the Panama Papers leak requiring the companies to report how much money they make in so-called "tax havens."

Comments

Re:Get ready everyone with anything

[Anonymous Coward]

The State with a capital "S" has just run out of other people's money. Which means they will now go get money from anyone they can, screw legality or morals.

If you have anything of value the state can reach, it will reach for it now. A small amount at first but you would be surprised how quickly it can snowball (ask the people of Venezuela or Argentina). Not quite time to make a run on the banks, but keep a weather eye on the availability of cash and perhaps start buying more durable goods with lasting value that are not so easily seized.

Funny, my take is exactly the opposite.

Big corporations have been playing a shell game with the tax man for a long time.

The deficit caused by these big corporations using government services but yet skating out on the tax bill, has been handed to the rest of us to settle.

Finally, "The State" figures it out: FOLLOW THE MONEY

Re:Get ready everyone with anything

[mccrew]

Perhaps if taxes weren't so high...

I don't think I buy this argument. Companies are ultimately driven by people, people are people, and human nature is human nature. A tiger who is plays shenanigans at a 35% or 28% tax rate does not magically change his stripes if the tax rate drops to 20% or 15%. It's still more than zero, so he will play jurisdictional arbitrage to try and make it so.