Roughly 100 French investigators raided Google's headquarters in Paris Tuesday morning as part of an ongoing tax fraud investigation, Reuters reports. A source close to France's finance ministry has confirmed the raid, but Google has yet to make a comment. The French state is accusing the tech company of owing $1.8 billion in back-taxes, following a close scrutinization of international companies' tax arrangements.
Google, along with other large digital companies, has been accused of using "legal methods to minimize their tax bills," BBC reports. While Google, for instance, generates large profits in France and the UK, its tax base is in Ireland, where corporate tax rates are lower.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Why are military experts so interested in Ukraine's drone attack?TODAY'S BIG QUESTION The Zelenskyy government's massive surprise assault on Russian airfields was a decisive tactical victory — could it also be the start of a new era in autonomous warfare?
-
Critics push back as the government goes after Job CorpsThe Explainer For at-risk teens, the program has been a lifeline
-
5 horror movies to sweat out this summerThe Week Recommends A sequel, a reboot and a follow up from the director of 'Barbarian' highlight the upcoming scary movie slate
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
