U.S. Internet giant Google has agreed a settlement totalling €945 million ($1 billion) to settle a tax dispute in France under an agreement announced in court on Thursday.
The company will pay a €500-million fine for tax evasion, as well as a further €465 million to settle claims with French tax authorities. In a statement, Google confirmed the settlement and hailed the fact it had put an end to fiscal differences that it had had with France for numerous years. The settlement comes as France, as well as European allies, seek to find common ground with the U.S. in a long-running dispute over the taxation of digital giants.
French President Emmanuel Macron said alongside U.S. President Donald Trump at the G7 summit in August that leaders had reached an agreement on the taxation of tech giants.
