Google agrees 1bln-euro settlement of tax dues in France


US digital communications giant Google has agreed an almost 1 billion-euro settlement with France's tax authorities, who threatened a potentially more costly legal case against the company for under-declaring revenue in its business in the country by using the loophole that its European headquarters were based in Ireland.  

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Google has agreed to pay close to 1 billion euros 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, reports Reuters.