Around the Net

Google's Tax Settlement In Indonesia Could Prove Hefty

  • Reuters, Wednesday, November 23, 2016 2:14 PM

Google is expected to reach a tax settlement with the Indonesian government in the next few weeks that could prove just how deep its pockets go, people familiar with the matter told Reuters. While the company will need to pay back taxes and fines, Google also will need to agree to a new calculation of profits made in the country, Reuters says. The news organization reported that "Google agreed to pay 130 million pounds ($185 million) in back taxes to settle a probe by Britain's tax authority [in January], which had challenged the company's low tax returns for the years since 2005."


Read the whole story at Reuters »

Next story loading loading..