Spain’s tax investigators have raided Google’s Madrid offices in a probe into tax payments, according to the Reuters news agency.

In response, Google has insisted that the company complies with Spanish finance laws and has agreed to co-operate with authorities and answer all questions.

The operation was carried out only weeks after a similar raid on Google offices in Paris which involved more than 100 investigators and 25 computer experts.

The Spanish authorities were yet to comment on today’s developments and the exact nature of the inquiry.

A number of EU countries, including France and Britain, have long complained at the way a number of technology firms generate profits within their borders by locating tax bases where corporate tax rates are far lower.

In January, the company agreed to pay £130m in back taxes in the UK – a move described as a victory by the Chancellor though critics said the sum was derisory…. see more

source: skynews