Bigger India
Google India Tax Row: $2 Billion Remittance in 5 Years May Add to Tech Giant’s Load
Tax authorities in India have contended that such transfers are not cost or transfer of profit, but ‘royalty’, which is subject to tax. Read more at: //economictimes.indiatimes.com/articleshow/66469534.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Google India has remitted over $2 billion from the revenue earned in the country over the past five financial years to the US-based search giant’s subsidiaries in Singapore and Ireland, an analysis of the company’s financial statements by ET shows.