Reuters: Google said on Thursday it agreed to pay 465 million euros in additional taxes to French authorities, boosting the total settlement to end a fiscal fraud probe in the country to nearly 1 billion euros.

France's financial prosecutor office earlier said Google had agreed to pay half a billion euros in fine to settle the four-year old investigation.

"We have put an end to the tax and related disputes we had had in France for many years," Google said in a written statement.

"These agreements include a payment of 500 million euros announced today by a French court, as well as an amount of 465 million euros in additional taxes that we have agreed to pay," it added.

French investigators have been seeking to establish whether Google, whose European headquarters are based in Dublin, failed to pay its dues to the state by avoiding to declare parts of its activities in the country.

Google, part of Alphabet Inc, pays little tax in most European countries because it reports almost all sales in Ireland. This is possible thanks to a loophole in international tax law but it hinges on staff in Dublin concluding all sales contracts.





This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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