France probing Google for fraud and money-laundering

The Guardian reports: "French investigators have raided Google’s Paris headquarters, saying the company is now under investigation for aggravated financial fraud and  money laundering.

"In a major escalation of France’s long-running enquiry into Google’s tax affairs, magistrates revealed on Tuesday that the software/search engine giant is suspected of evading taxes by failing to declare the full extent of its activities in the country. 

"Prosecutors said they want to establish whether the Irish company through which Google funnels the majority of its European revenues does in fact control a 'permanent establishment' in France.''

Most European nations are cracking down on some huge multinational companies, such as Google, which have been brilliant at accounting and other maneuvers aimed at avoiding taxes.