Google to pay over $1 billion to settle tax evasion charges in France

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A Google spokesman said, “We remain convinced that a coordinated reform of the international tax system is the best way to provide a clear framework to companies operating worldwide.”

In July, the French government started implementing a 3 percent tax on technology companies. The White House condemned it and warned that it could result to U.S, tariffs on imports from France.

The French government responded that it will only cancel the tech tax if there is a global agreement on taxing technology companies.

On Thursday, Gerald Darmanin, the Budget Minister of France, told Le Figaro newspaper that the settlement would serve as a legal precedent. He added that discussions with several other companies regarding their tax strategies are ongoing.