Google presents : Live from Paris
Google's latest livestream covers Search and AI developments in Lens, Translate, Shopping, Maps and more.
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Google presents : Live from Paris
Google's latest livestream covers Search and AI developments in Lens, Translate, Shopping, Maps and more.
Wednesday's National Newspaper Front Pages
Wednesday's National Newspaper Front Pages
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THE PAPERS’ TOP STORIES
:: The Daily Telegraph
The UK is spending almost twice as much of its national wealth on foreign aid as other major nations, an official report has found.
:: The Guardian
Two thirds of homes in London’s 50-storey St George Wharf tower have been snapped up by foreign investors.
:: Financial Times
French prosecutors carried out an early-morning raid on Google’s Paris…
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Wednesday's National Newspaper Front Pages
Wednesday's National Newspaper Front Pages
[ad_1] THE PAPERS’ TOP STORIES :: The Daily Telegraph The UK is spending almost twice as much of its national wealth on foreign aid as other major nations, an official report has found. :: The Guardian Two thirds of homes in London’s 50-storey St George Wharf tower have been snapped up by foreign investors. :: Financial Times French prosecutors carried out an early-morning raid on Google’s Paris…
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Google search: Paris office raided in 'tax fraud and money laundering' probe
Technology
Google search: Paris office raided in 'tax fraud and money laundering' probe
Google's Paris office has been raided by French police as part of an investigation into tax fraud and money laundering. It is reported that 100 investigators entered the US internet giant's office in a dawn raid as Google stands accused of "aggravated tax fraud". It comes as the company faces mounting pressure over its tax affairs amid a backlash against corporate tax avoidance by multi-national companies. France is seeking €1.6bn (£1.2bn) in back taxes from Google, a finance ministry source said earlier this year.
We comply with French law and are cooperating fully with the authorities to answer their questions.
Google statement
The French prosecutor's officer said the Paris searches are the result of a preliminary investigation opened on June 16, 2015 relative to aggravated tax fraud and organised money laundering following a complaint from French fiscal authorities. "The investigation is aimed at finding out whether Google Ireland Ltd is permanently established in France and if, by not declaring some of its activity on French soil, it has failed to meet its fiscal obligations, in particular with regard to corporation tax and value added tax." Google agreed a controversial £130 million deal with HM Revenue & Customs in January to settle a 10-year tax inquiry into its UK business.