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Google to Settle Tax Issue With Indonesia: Report

Wednesday, November 23, 2016 6:10
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(Before It's News)

Google is nearing a tax settlement with the Indonesian government, according to a report from Reuters.

The Alphabet-owned company reportedly met with officials from the Indonesian government to discuss a tax settlement. As part of the proposed deal, which is expected to be completed in the next few weeks, Google will pay overdue taxes and fines. The company will also have to agree to a new calculation of profits made in the country, a source told Reuters.

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Photo Credit: 401(K) 2012 via flickr

An analyst told Reuters if the settlement goes ahead as planned, it will make it easier for other countries to be more aggressive in the pursuit of back taxes from Internet companies like Google.

Neither tax officials in Indonesia nor Google was willing to comment on the matter.

Indonesia accused Google back in September of failing to pay all of the tax it owes on billions of dollars of advertising profits. The country’s  tax department, at the time, said it planned to launch an investigation into Google because the U.S. firm reportedly refused to co-operate with tax officials.

Google is not the only company Indonesia has targeted. The country’s tax office has also asked Facebook, Twitter and Yahoo for their tax reports.

Like Google, Yahoo is a limited liability company while Twitter and Facebook simply have branches in Indonesia.

The government believes these companies owe income and value added tax on billions of dollars of revenue they generate from advertising in Indonesia, the tax office said.


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Jennifer Cowan is the Managing Editor for SiteProNews.

The post Google to Settle Tax Issue With Indonesia: Report appeared first on SiteProNews.

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