Breaking News

Asia Today ISSN 1861-4604 Sunday, February 18, 2018

Headline

Google wins reprieve in one of its biggest legal battles in Europe

Paris court threw out a $1.27 billion tax bill

Share on Facebook July 14, 2017, Reporter : Big News Network, Reader : 405

news

PARIS, France - Google has won a reprieve from one of its biggest legal battles in Europe after a Paris court threw out a $1.27 billion tax bill.

France’s tax authority had handed the bill to Alphabet-owned Google for five years of back taxes.

The decision issued on Wednesday saw Paris’s administrative tribunal ruling that Google’s lucrative advertising-sales business had no taxable presence in France.

The court’s decision, covering the years 2005 to 2010, absolves Google of income or sales taxes on advertising income from French clients.

The decision also backs Google’s position in a dispute that has dragged on for more than six years, and could have implications for other tax battles in Europe.

Commenting on the decision, a Google spokesman said that the court “has confirmed Google abides by French tax law and international standards.” 

The spokesman added, “We remain committed to France and the growth of its digital economy.”

Later in the day, French Budget Minister Gérald Darmanin said that the tax authority is analyzing the decision with a view to appealing it.

He noted, “The significant role of French employees in Google’s commercial activity in France.”

While the decision, which is subject to appeal, it comes as a victory for Google and will serve as an example for other Silicon Valley firms facing multiple regulatory battles on topics including taxes, competition and privacy.

Google also got a boost last month when an adviser at the Paris administrative court delivered a non-binding opinion that the company should be let off the hook in part because of weaknesses in the legislation.

 

More Euro Asia news of the month

Photos May warns EU against blocking post-Brexit security deal

LONDON, U.K. - Calling for a new security treaty with the European Union, British Prime Minister Theresa May said on Saturday that a...

Photos German FM urges closer dialogue with Turkey

World Bulletin / News Desk Political differences should not hinder Germany and Turkey from closer dialogue and cooperation, German...

Photos Berlin Film Review: ‘The Heiresses’

A finely-crafted, beautifully realized debut that exquisitely balances character study with shrewd commentary on class, desire, and the...

Photos Berlinale opening: Wes Anderson’s ‘Isle of Dogs’ is a Japanophile‘s feast

The Berlin International Film Festival has opened with Wes Anderson's "Isle of Dogs," a stop-motion adventure featuring...

Photos Martin Schulz Withdrew from the Leadership of the German Social Democrats

Social Democratic Party leader Martin Schulz announced his resignation, DPA reported. Shortly after, the party's leadership...

Photos EU warns disagreements turning Brexit negotiations sour

BRUSSELS, Belgium - In a warning issued on Friday, European Union Chief Negotiator Michel Barnier warned that the Brexit transition...

Photos BERLINALE 68th International Film Festival

BERLIN: The Competition and Berlinale Special programmes of the 68th Berlin International Film Festival have now been finalised....

Photos Most stock markets in Europe, Asia fall sharply after U.S. rout

HONG KONG — Asian and European shares fell Monday, extending global stock losses after Wall Street’s big sell off on...

Photos Germany Alarmed by 'Kindergarten Jihadists'

'Put on a thick jacket," the 18-year-old son of Albanian immigrants instructed the 12-year-old German-Iraqi boy over the...

Flying Reimagined

Stock Index

Sunday, February 18, 2018

Life Style

Photo Gallery

FEUILLETON