France to Google: We 'Do Not Negotiate The Amount Of Taxes Owed

Alphabet Inc GOOG recently settled a tax dispute with the United Kingdom and is currently settling a dispute with the Italian authorities. According to Reuters, France's government isn't interested in any settlements or negotiations. The country wants the full amount of taxes it believes Alphabet rightfully owes the state. Reuters reported that France's government has "ruled out striking a deal" with Google. The country's Finance Minister Michel Sapin told reporters on Tuesday that "French tax authorities do not negotiate the amount of taxes owed." Sapin acknowledged that conversations, not negotiations, with Google is already underway. He also stated that the amount Google owes the government is "far greater" than the 130 million pounds the company recently settled with U.K. authorities. Shares of Alphabet continued its post-earnings run and hit a new all time high of $788.70 on Tuesday. Shares were trading at $797.03, up 4.66 percent late Tuesday morning.