News.ie / The Irish Times / Reuters – Google has agreed to pay a total of $1,6 billion over the past three years for misrepresenting its Google AdWords and Google Search advertising business, a court document shows.
Key points:The company is to pay €1.9 billion in taxes on revenue of €3.6bn, including taxes from Ireland and USThe settlement is expected to close on November 22The total amount of money to be paid is expected by end of yearIt is the second time Google has been forced to pay tax on its worldwide advertising business.
In March, the company was found to have failed to register more than €2.6 million in profits in Ireland, the United States and Britain, and paid a tax bill of €1,500 million in Ireland.
In November last year, it was found it had not registered any profits in Europe for a period of seven years.
Google also paid a €6.5 million fine for failing to register at least €3 million in sales in Ireland and Britain.
The European Commission in November 2016 ordered Google to reimburse €1 billion to the Irish government, which had paid €1 million to Google for the advertising business and the company paid back the money in full.
Google was also ordered to pay an additional €1 per share to Ireland and a further €1 to Britain.