Google, France settle ad tax dispute

Feb. 2, 2013 at 1:21 PM

PARIS, Feb. 2 (UPI) -- French President Francois Hollande said a deal that avoided a tax on Google is a significant achievement in the growing digital global economy.

The agreement signed in Paris Friday calls for Google to contribute 60 million euros ($81.8 million) to assist France with digital innovation and raising advertising revenue.

Hollande said in a written statement the deal was "a model for effective partnership and is a pointer to the future in the global digital economy."

The settlement came in a dispute in which France attempted to place a tax on Google's advertising revenues and Google responded by threatening to exclude French publishers from its search results.

Google reached a similar deal last month with Belgian newspaper publishers, and additional deals were expected this year with other European media companies, Radio France Internationale said.

Related UPI Stories
Latest Headlines
Trending Stories
TSU shooting: 1 dead, 1 wounded in third shooting this week at Houston campus
Listeria threat prompts Whole Foods cheese recall
Russia says missiles aimed at Syria did not land in Iran
Captive orca breeding banned at California's SeaWorld
Wrong drug used in Oklahoma execution