Google Tax Deal

The EU's top court on Tuesday delivered two major victories in the bloc's battle against tech giants by ruling against Apple and Google in separate legal sagas with billions of euros at play.

The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...

US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.

Apple, Google, Amazon among other multinational businesses could be subjected to more taxes as G7 nations reach a deal to pursue higher global taxation.

The 137 nations trying to hammer out a new global standard for taxing multinational tech firms will not secure a deal by the end of this year as hoped, the OECD acknowledged Monday.

Britain, France, Italy and Spain suggested a "phased approach" to global digital taxation talks in a joint letter to the US treasury secretary last week, which they said could open the way for a deal this year.

France and the US locked horns Thursday over taxing digital giants such as Google and Facebook, after Washington said it was breaking off talks aimed at establishing a global framework for making the companies pay larger levies where they operate.

Leading world economies must show unity in dealing with aggressive "tax optimisation" by global digital giants like Google, Amazon, and Facebook, G20 officials said on Saturday.

Google said Thursday it supports a global agreement on taxation that could allocate more taxes from multinationals to jurisdictions outside their home countries.

France will introduce its own tax on large internet and technology companies from January 1, Finance Minister Bruno Le Maire said today amid difficulties in finalising a new EU-wide levy.

"So far, no, we have nothing formal on that one," EU antitrust chief Vestager told reporters.

It was a US Senate report in May 2013 revealing the tech giant's deal with the Irish government.

Dozens of French police raided Google's Paris headquarters on Tuesday, escalating an investigation on suspicions of tax evasion.

France will "go all the way" to ensure that multinationals operating on its soil pay their taxes and more cases could follow after Google and McDonald's were targeted by tax raids, Finance Minister Michel Sapin said.

The European Commission is also investigating several cases to see if they breach the bloc's state aid rules.

The EU's top court on Tuesday delivered two major victories in the bloc's battle against tech giants by ruling against Apple and Google in separate legal sagas with billions of euros at play.

The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...

US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.

Apple, Google, Amazon among other multinational businesses could be subjected to more taxes as G7 nations reach a deal to pursue higher global taxation.

The 137 nations trying to hammer out a new global standard for taxing multinational tech firms will not secure a deal by the end of this year as hoped, the OECD acknowledged Monday.

Britain, France, Italy and Spain suggested a "phased approach" to global digital taxation talks in a joint letter to the US treasury secretary last week, which they said could open the way for a deal this year.

France and the US locked horns Thursday over taxing digital giants such as Google and Facebook, after Washington said it was breaking off talks aimed at establishing a global framework for making the companies pay larger levies where they operate.

Leading world economies must show unity in dealing with aggressive "tax optimisation" by global digital giants like Google, Amazon, and Facebook, G20 officials said on Saturday.

Google said Thursday it supports a global agreement on taxation that could allocate more taxes from multinationals to jurisdictions outside their home countries.

France will introduce its own tax on large internet and technology companies from January 1, Finance Minister Bruno Le Maire said today amid difficulties in finalising a new EU-wide levy.

"So far, no, we have nothing formal on that one," EU antitrust chief Vestager told reporters.

It was a US Senate report in May 2013 revealing the tech giant's deal with the Irish government.

Dozens of French police raided Google's Paris headquarters on Tuesday, escalating an investigation on suspicions of tax evasion.

France will "go all the way" to ensure that multinationals operating on its soil pay their taxes and more cases could follow after Google and McDonald's were targeted by tax raids, Finance Minister Michel Sapin said.

The European Commission is also investigating several cases to see if they breach the bloc's state aid rules.