Google to pay almost €1B in settlement with France

Thursday, 12. September 2019 17:04

Google LLC has reached an agreement with the French National Public Prosecutor's Office (PNF) on Thursday to pay a €500 million fine to end a French criminal probe into fiscal fraud allegations. Additionally, the tech giant will pay €465 million in additional taxes to French authorities, raising the total settlement to end a fiscal fraud probe in the country to €965 million.

"We have put an end to the tax and related disputes we had had in France for many years. These agreements include a payment of 500 million euros announced today by a French court, as well as an amount of 465 million euros in additional taxes that we have agreed to pay," Google said in a statement.

Google is also facing a major antitrust probe in the United States, where a total of 49 states are launching a joint investigation into the company's advertising practices.

Related Links: Alphabet Inc.
Breaking the News / MD