Taxing for Google-linked firms
By Ding Yining |
April 1, 2011, Friday
|
Print Edition
Print Edition
THREE domestic companies linked to Google's Chinese operations have reportedly used fake receipts and are being investigated for possible tax avoidance.
Guguo Information Technology Co, Shanghai Gouxun Advertising Co and Google Information Technology (China) Co have been found using fake invoices, the Economic Daily reported yesterday, citing unidentified taxation authorities.
Accounting and business tax irregularities were uncovered, the report said.
Google denied these claims. "We believe we are, and always have been, in full compliance with Chinese tax law," the search engine giant said in a statement yesterday.
During a routine inspection, tax authorities discovered the companies used fake invoices, and uncovered accounting and business tax irregularities that involved more than 40 million yuan (US$6.06 million), the report said.
The Economic Daily report claimed the authorities have asked the firms to correct their wrongdoing and have retrieved the money.
Tax authorities were reported to further investigate Google businesses in China on suspicion of tax avoidance.
In 2007, two companies registered in Beijing which are affiliated with Google were investigated for tax evasion involving more than 20 million yuan.
Google's market share on the Chinese mainland had fallen below 20 percent by the end of last year. In March last year, it started redirecting mainland users to its Hong Kong search site.
Domestic search engine Baidu has got an 83 percent market share in the world's largest online market, said Internet consultancy iResearch Inc.
Guguo Information Technology Co, Shanghai Gouxun Advertising Co and Google Information Technology (China) Co have been found using fake invoices, the Economic Daily reported yesterday, citing unidentified taxation authorities.
Accounting and business tax irregularities were uncovered, the report said.
Google denied these claims. "We believe we are, and always have been, in full compliance with Chinese tax law," the search engine giant said in a statement yesterday.
During a routine inspection, tax authorities discovered the companies used fake invoices, and uncovered accounting and business tax irregularities that involved more than 40 million yuan (US$6.06 million), the report said.
The Economic Daily report claimed the authorities have asked the firms to correct their wrongdoing and have retrieved the money.
Tax authorities were reported to further investigate Google businesses in China on suspicion of tax avoidance.
In 2007, two companies registered in Beijing which are affiliated with Google were investigated for tax evasion involving more than 20 million yuan.
Google's market share on the Chinese mainland had fallen below 20 percent by the end of last year. In March last year, it started redirecting mainland users to its Hong Kong search site.
Domestic search engine Baidu has got an 83 percent market share in the world's largest online market, said Internet consultancy iResearch Inc.
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