Financial Officers raid Google Offices in Paris, France, as part of investigation into the firm's tax payments

Financial Officers raid Google Offices in Paris, France, as part of investigation into the firm's tax payments

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Business, Social Studies

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The video discusses Google's global operations and its practice of profit shifting, which involves funneling profits through its European headquarters in Dublin to offshore accounts. This legal process allows Google to benefit from Ireland's low corporation tax and special rules for transferring money to Bermuda. The video also covers Google's tax controversies in the UK, where it agreed to pay £130 million, and in France, where authorities demand full payment of £1.3 billion. The ongoing investigations by European tax authorities are highlighted, indicating potential changes in Google's tax strategies.

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What new insight or understanding did you gain from this video?

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