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May 24, 2016 10:00 pm

Google France Being Raided For Unpaid Taxes

jones_supa writes: Investigators in France have raided Google's Paris headquarters amid a probe over the company's tax payments, Reuters reports. The French Finance Ministry is investigating $1.8 billion in back taxes. According to a report in French daily Le Parisien, at least 100 investigators are part of the raid at Google's offices. A source close to the finance ministry said that the raid at Google's offices has been ongoing on Tuesday since 03:00 GMT. In February, a source at the French Finance Ministry told Reuters that the government was seeking the $1.8 billion from Google. At the time, official spokespeople for Google France and the Finance Ministry refused to comment on the situation. Google could face up to a $11.14 million fine if it is found guilty, or a fine of half of the value of the laundered amount involved. In April, the EU revealed plans to force multinationals such as Google, Amazon and Facebook to disclose exactly where and how much tax they pay across the continent. A new clause was added since the Panama Papers leak requiring the companies to report how much money they make in so-called "tax havens."

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