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Google under scrutiny by Spanish tax authorities
03 July 2016 @ 23:20

SPAIN'S tax authorities have launched a probe into the affairs of search engine giant Google in light of a 'possible evasion', which has not been confirmed.

The company says it is cooperating fully with the inquiry and that its financial affairs were all above board and in line with national law 'just as it is in all other countries' where the firm operates, according to a spokeswoman.

Google's tax structure has been the focal point of Spain's fiscal authorities for over five years now, due to its complex nature and because Spain believes Google may be recording some of its profits as having been earned in Ireland, in order to pay lower rates.

Back in 2011, Spain launched an investigation after the national branch of Google reported losses, and its tax liabilities came out almost at zero.

In the end, the company avoided further problems with the authorities by agreeing to pay €1.9 million on top of declarations for two previous tax years.

Read more at thinkSPAIN.com



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