Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: May 5, 2014
The Firm
201-896-4100 info@sh-law.comGoogle is only the latest to be hit by a large tax bill in Europe, following a raid of the company’s Paris office by French revenue officers in 2011, according to Forbes. Last week, Google disclosed the existence of the tax assessment, which is reportedly massive, but did not include a Euro figure.
In documents filed with the U.S. Securities and Exchange Commission for the quarterly period ended March 31, 2014, Google noted that it anticipated such an assessment, writing that it believed that adequate provision had been made, and that it was “more likely than not” that its tax position would be sustained, but that it was possible that adjustments to its tax position could occur as a result of any resolution with French authorities.
While no one in the media knows precisely how much Google might be charged, sources in France told LePoint.fr that the figure was between 500 million Euros and 1 billion Euros ($693 million and $1.3 billion). Google pays France a very small percentage of taxes for its operations there by routing almost all of its revenue through the Netherlands, reporting it in Ireland and sending it on to Bermuda, where subsidiary Google Ireland Holdings is located.
According to estimates by various industry analysts cited by the news source, Google made a France turnover of between 1.25 billion Euros and 1.4 billion Euros in 2011, mainly from its advertising business. In 2012, Google’s turnover in the country was reported at 192.9 million Euros with a net profit of 8.3 million Euros. The company tated that the income taxes paid for 2012 amounted to 6.5 million Euros.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
NYC Real Estate and Litigation Attorney Ryan O. Miller and Team Join Scarinci Hollenbeck, LLC New York City, NY – August 13, 2025 – Scarinci Hollenbeck, LLC has strengthened its Real Estate and Litigation practices with the addition of four New York City-based attorneys. Ryan Miller, who joins as a partner, is well known for […]
Author: Scarinci Hollenbeck, LLC
Business law plays a critical role in nearly every aspect of running a successful enterprise, from negotiating a commercial lease to drafting employee policies to fulfilling corporate disclosure obligations. Understanding what is business law and your legal obligations can help your business run smoothly and build productive relationships with clients, business partners, regulators, and others. […]
Author: Dan Brecher
Corporate transactions can have significant implications for a corporation and its stakeholders. For deals to be successful, companies must act strategically to maximize value and minimize risk. It is also important to fully understand the legal and financial ramifications of corporate transactions, both in the near and long term. Understanding Corporate Transactions The term “corporate […]
Author: Dan Brecher
Ongoing economic uncertainty is forcing many companies to make tough decisions, which includes lowering staff levels. The legal landscape on both the state and federal level also continues to evolve, especially with significant changes to the priorities of the Equal Employment Opportunity Commission (“EEOC”) under the Trump Administration. Terminating an employee is one of the […]
Author: Angela A. Turiano
While filing annual reports may seem like a nuisance, failing to do so can have significant ramifications. These include fines, reputational harm, and interruption of your business operations. In basic terms, “admin dissolution for annual report” means that a company is dissolved by the government. This happens because it failed to submit its annual report […]
Author: Dan Brecher
Antitrust laws are designed to ensure that businesses compete fairly. There are three federal antitrust laws that businesses must navigate. These include the Sherman Act, the Federal Trade Commission Act, and the Clayton Act. States also have their own antitrust regimes. These may vary from federal regulations. Understanding antitrust litigation helps businesses navigate these complex […]
Author: Robert E. Levy
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!