Google Settles For Over $1B In French Tax Dispute

Google faced a four-year fiscal fraud investigation in France, resulting in a settlement involving back taxes and fines. The investigation focused on Google's use of the 'double Irish' tax loophole, which allowed it to minimize taxes across the EU by routing profits through its Dublin headquarters. The EU intervened, requiring Ireland to close this loophole by 2015, with existing users given until 2020 to comply. This case could set a legal precedent for other companies avoiding taxes in France.

What was the result of the four-year investigation into Google's fiscal activities in France?

• Google's European headquarters was moved to France.

• Google was found not guilty of any wrongdoing.

• Google agreed to pay a settlement of back taxes and fines.

• Google was banned from operating in France.

Why did France investigate Google's tax activities?

• Google was suspected of insider trading.

• Google did not fully declare its tax activities.

• Google was accused of money laundering.

• Google was involved in a data privacy breach.

What is the 'double Irish' tax scheme?

• A strategy to increase tax revenue in Ireland.

• A method to double the tax paid in Ireland.

• A loophole allowing companies to reduce taxes using Irish subsidiaries.

• A policy to encourage foreign investment in Ireland.

How did Google allegedly use its Dublin headquarters?

• To increase its workforce in Europe.

• To develop new technology for the EU market.

• To expand its market share in Ireland.

• To avoid paying taxes in other EU countries.

What was the EU's action regarding the 'double Irish' scheme?

• The EU allowed the scheme to continue indefinitely.

• The EU forced Ireland to close the loophole by 2015.

• The EU increased taxes on all tech companies.

• The EU provided tax incentives for companies using the scheme.