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Google To Pay $230 Million In Taxes For Waze

  • Haaretz, Monday, January 13, 2014 10:21 AM
Google will pay about $230 million, or 800 million shekels, in taxes on its acquisition of Waze's intellectual property rights, per Israel's Haaretz. It's the second-largest sum the state has ever received in tax revenue generated by a merger and acquisition. The news agency reports that the Economy Ministry's Office of the Chief Scientist will benefit from the deal because of a $1 million investment in Waze when it was founded.

Read the whole story at Haaretz »

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