Google Slapped with $57M Fine From French Regulators over Privacy Violations
Search giant violated GDPR rules on data privacy
Search giant Google has been fined nearly $57 million for violating GDPR rules on data privacy, according to reports.
Google was fined for “violating Europe’s tough new data-privacy rules,” as the tech giant reported failed “to fully disclose to users how their personal information is collected and what happens to it,” according to the Washington Post.
“Google also did not properly obtain users’ consent for the purpose of showing them personalized ads,” the Washington Post reported.
Google released a statement claiming to be “studying the decision to determine our next steps.”
“People expect high standards of transparency and control from us. We’re deeply committed to meeting those expectations and the consent requirements of the GDPR,” the company declared.
But a fine of $57 million is relatively small for Google who has been hit with multi-billion dollar fines.
Google was fined $5 billion by the European Union in July last year.
According to documents filed at the Chamber of Commerce in the Netherlands:
Google recently moved 19.9 billion euros ($22.7 billion) through a Dutch shell company to an offshore tax haven in Bermuda in 2017.
The money was moved as part of a scheme to reduce its foreign tax bill, cutting the search engine giant's taxes considerably.
The filings show that Google has increased the amount it shifts off-shore by several billion dollars over the previous tax year.
“We pay all of the taxes due and comply with the tax laws in every country we operate in around the world,” Google said in a statement.
“Google, like other multinational companies, pays the vast majority of its corporate income tax in its home country."
"We have paid a global effective tax rate of 26 percent over the last ten years.”
According to the Epoch Times, for more than a decade, the arrangement has allowed Google owner Alphabet to enjoy an effective tax rate in the single digits on its non-U.S. profits.
Around a quarter the average tax rate in its overseas markets.