First the deal with O2 in Germany to Yahoo and now we have more trouble for Google as the Turkish Government fined it with $47 Million. The purpose? The authorities found that the search giant was involved in a tax fraud. The authorities require Google to pay taxes on the revenue it generates through the registered companies in the country. Google on the other hand says that no wonder it leads the search market in Turkey, but the entire ad network is based in Ireland, which exempts it from paying taxes to Turkey. There has been no final settlement on the issue and both parties are still involved in talks for some sort of settlement. By the way do you think that every other region finds it easy to squeeze cash from Google or Google uses its leader position to escape from the clutches of laws, etc? Do give us your opinion in the comments.
Tags: google, Law
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Google gets a pinch: Turkish Government to charge $47 Million
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