Latest in Gear

Image credit: Chris Ratcliffe/Bloomberg via Getty Images

Google's Spanish offices raided in tax investigation

It's the second assault on the search giant's European offices in a month.
Matt Brian, @m4tt
06.30.16
488 Shares
Share
Tweet
Share
Save

Sponsored Links

Chris Ratcliffe/Bloomberg via Getty Images

Google is no stranger to tax investigations, but in recent months, European investigators have taken things up a notch. Coming just a month after tax inspectors raided the company's French HQ, Spanish officials today cast the spotlight on its operations in Madrid as part of an ongoing probe into its tax contributions.

TechCrunch reports that the raids on the search giant's Madrid HQ and Google Campus are related to "VAT payments and non-residence tax." Google, however, is adamant it has done nothing wrong and issued the following statement: "We comply with Spanish tax laws just as we do in all countries where we operate. We are co-operating with the authorities in Spain in order to answer all their questions, as always."

Google's European tax practices have come under fire because the company reports the majority of its sales in Ireland, allowing it to enjoy a lower tax rate thanks to loopholes in international tax laws. In January, it announced it would pay the UK government £130 million (around $185 million) in back taxes, but French Finance Minister Michel Sapin has already ruled out a similar deal over the €1.6 billion in back taxes (roughly $1.76 billion) the company reportedly owes.

Source: TechCrunch
In this article: france, gear, google, internet, politics, raid, spain, tax
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
488 Shares
Share
Tweet
Share
Save
Comments

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr