European Union May 16

GOOG: 716.49

5.66
Stock Chart

We had heard that the EU was planning to levy a substantial fine on Google for its alleged favoring of its own services in search over those belonging to competitors last year already, and the Telegraph is reporting that the European Commission is now estimating a hefty €3 billion ($3.4b) tag… expand full story

European Union April 27

GOOG: 732.66

8.54
Stock Chart

Google seems to be under fire lately. Less than a week from the European Union’s charges against the Mountain View company regarding supposedly unfair practices towards its hardware partners, TIME is reporting that the famous stock photo agency Getty Images is now accusing the technology giant of “promoting piracy” with its Images search engine…

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European Union March 25

GOOG: 735.30

-2.76
Stock Chart

The French data protection regulator CNIL has fined Google €100,000 ($112,000) after rejecting the company’s proposed compromise over the controversial ‘right to be forgotten‘ legislation.

The legislation gives individuals the right to have ‘outdated or irrelevant’ information about them removed from Google’s search results. Google at first offered to remove the results from Google’s local domains on a country-by-country basis, in this case google.fr, before saying that it would also remove them from google.com when a search was carried out from within France …

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9to5mac 

European Union February 25

GOOG: 735.30

-2.76
Stock Chart

Just one day after the UK’s public spending watchdog described the £130M ($185M) back-tax paid by Google in the country as “disproportionately small,” France is demanding a rather larger sum. Reuters reports that the country’s finance ministry believes Google owes €1.6B ($1.76B).

“As far as our country is concerned, back taxes concerning this company amount to 1.6 billion euros,” the official, who spoke on condition of anonymity, said […]

Earlier this month, Finance Minister Michel Sapin ruled out striking a deal with the U.S. search engine company as the British government recently did, saying the sums at stake in France were “far greater” than those in Britain … 

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European Union February 24

GOOG: 735.30

-2.76
Stock Chart

The Public Accounts Committee, the British Parliament’s public spending watchdog, has criticized the £130M ($185M) tax deal Google struck with the UK government as “disproportionately small.” The committee also criticized the secrecy around how the sum was calculated, reports the Guardian.

Google’s controversial tax deal cannot be properly assessed by MPs because of secrecy surrounding the negotiations, according to a report by parliament’s public spending watchdog. But the deal to pay £130m in back taxes for a 10-year period seems “disproportionately small when compared with the size of Google’s business in the UK”, the public accounts committee has found.

A report published today calls for more to be done to prevent “aggressive [tax] avoidance” by multinational companies, with Google accused of hypocrisy …

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European Union January 28

GOOG: 730.96

30.97
Stock Chart

The European Commission says that the £130M ($185M) tax deal struck between Google and the UK government may amount to “illegal state aid” by offering the company better terms than those available to smaller businesses.

Google first came under fire for its tax arrangements in the UK in early 2013, when it was accused of funneling profits from UK Adword sales through Ireland, resulting in the company paying just £6M ($8.5M) tax on a turnover of £395M ($565M). In the new deal, it agreed to change its accounting practices to pay more tax in the UK, and to pay a lump sum in back tax …

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