Google to Pay $1 Billion in France to Settle the Fiscal Fraud Probe

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Google agreed to pay close to 1 billion euros ($1.10 billion) to French authorities to settle a fiscal fraud probe that began four years ago in a deal that may create a legal precedent for other large tech companies present in the country.

French investigators have been seeking to establish whether Google, whose European headquarters are based in Dublin, failed to pay its dues to the state by avoiding declaring parts of its activities in the country. The settlement comprises a fine of 500 million euros and additional taxes of 465 million euros, Google said in a statement.

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