Skip to main content

Posts

Showing posts with the label #US

Google offices raided in Paris as prosecutors announce fraud probe

French investigators have raided Google’s Paris headquarters, saying the company is now under investigation for aggravated financial fraud and organised money laundering. In a major escalation of France’s long-running enquiry into Google’s tax affairs, magistrates revealed on Tuesday that the software giant is suspected of evading taxes by failing to declare the full extent of its activities in the country.  Prosecutors said they want to establish whether the Irish company through which Google funnels the majority of its European revenues does in fact control a “permanent establishment” in  France . Google  maintains that its large offices in Paris, London and other European capitals are not fully fledged businesses, but operate as mere satellites of its international headquarters in Dublin, providing back-office services such as marketing. The company routes most of its non-US revenue from activities such as advertising through Dublin, where the 12.5% corpor...