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Exclusive: Google Nears Tax Settlement With Indonesian Government - Sources

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A sticker reading 'Review us on Google' is pictured at a smartphone shop in Ambassador Mall in JakartaBy Gayatri Suroyo and Eveline Danubrata JAKARTA (Reuters) - Alphabet Inc's Google is expected to reach a tax settlement with the Indonesian government in the next few weeks, people familiar with the matter told Reuters. Under the proposed settlement, Google will pay back taxes and fines, and the search giant will have to agree to a new calculation of profits made in the country, said one of the people, who declined to be named as the information was not public. If the settlement goes ahead, it could pave the way for more countries to aggressively pursue back taxes from internet companies like Google, analysts say.




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