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France to appeal Google tax ruling

AFP  |  Paris 

The French will appeal a ruling that US internet giant Google is not liable for 1.12 billion euros (USD 1.27 billion) in taxes claimed by the state, Budget Minister Gerald Darmanin said today.

"We will appeal this ruling to safeguard the interests of the state," Darmanin told parliament.

The ruled yesterday that France could not claim on revenues generated by Google in France that were transferred to its Irish subsidiary GIL.

Taxes are far lower in Ireland, a legal loophole prized by many multinationals in

The French claim was the latest in a series against the California-based group, with and agreeing settlements over the Irish arrangement.

European action has become increasingly aggressive against US technology giants Amazon, and Apple as well as Google.

The hit Google with a record 2.4 billion euro fine on June 27 for abusing its dominant position in the search engine business and illegally favouring its own shopping service over rivals.

Newly elected French President Emmanuel Macron promised to get tough on US internet giants during his campaign, seeing their low rates as a source of resentment about globalisation and unfair on European companies.

The French claim is a fraction of the company's annual profits. In April, Alphabet, Google's parent company, declared a 29 per cent jump in profit to USD 5.4 billion in the first quarter of 2017.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 13 2017. 16:48 IST