Google Fined $47 Million For Tax Evasion
The biggest name in the information and technology sector, Google Inc.,has been slapped with a whopping $47 million fine under the charges of tax evasion by Turkish government. The search industry behemoth has been found guilty of trying to cut corners in Turkey’s national tax system. As per the Turkish authorities, Google runs its advertising and search business in Turkey with its own offices and staff and that entitles the country collect extra tax money from Google, than the company has paid.
Google on the other hand stresses on the fact that, although its services and regional offices are in Turkey, yet its base head quarter located in Ireland, where all the decision making powers lie. Hence, it cannot be subjected to Turkish tax laws. However, according to some legal brains, Google owns a dedicated company in Turkey, that goes by the name of Google Reklamc?l?k ve Pazarlama and as this entity is an established firm on Turkish soil, hence Google is obligated to work according to Turkish laws an regulations.
According to Google spokesperson,
“Google complies with tax law in every country in which it operates. We are currently in discussion with the Turkish authorities about this, and are confident we comply with Turkish law.”
It seems that, with its flourishing economy and the rapid infrastructural development, Turkey isn’t ready to give any company any benefit of the doubt and is more than willing to take the matters into the legal arena to ensure that, it does receive what it deserves. Google Inc. has been an integral and an invaluable asset to Turkey, as the search giant’s advertising campaign bring in more revenues, that bolster’s the country’s economy.
Via Computer World.
