19.03.2025, 13:28
Google has asked the Supreme Court to review the decisions on the Russian daughter
Source: OREANDA-NEWS
OREANDA-NEWS The American Google International LLC is asking the Supreme Court of Russia to review the judicial acts of three lower instances, which declared illegal the transfer of about 9.5 billion rubles of dividends to its subsidiary Google LLC in 2021 and the payment of 500 million rubles of taxes on this amount.
As follows from the message in the file of arbitration cases, the cassation appeal of Google International LLC was received by the Supreme Court of the Russian Federation on March 14. In accordance with the procedural legislation, the judge of the Supreme Court of the Russian Federation, to whom it will be distributed, has at least two months to study it.
The courts, at the request of Valery Talyarovsky, the bankruptcy trustee of Google, declared illegal the transfer of almost 9.5 billion rubles of dividends by the Russian division of Google to Google International and the transfer of 500 million rubles of taxes to the budget. The courts applied the consequences of the invalidity of the transactions, collecting from Google International about 10 billion rubles in the bankruptcy estate of Google.
Talyarovsky told the court of first instance that Google International, the sole participant of Google, decided in December 2020 to distribute up to 10 billion rubles of the subsidiary's profits for 2015-2017. About 128.7 million dollars (about 9.5 billion rubles at that time) of dividends were paid in December 2021. Google paid another 500 million to the budget as corporate income tax on income received in the form of dividends to foreign organizations.
Talyarovsky's statement noted that the decisions and transactions took place against the background of the Tsargrad TV channel trial, which ended with Google awarding a multibillion-dollar progressive court penalty. In court, lawyers called the Tsargrad case the "trigger of the Google bankruptcy case." The manager believes that the disputed actions on the eve of bankruptcy were aimed at harming creditors.
Google International representatives said that at the time of the decision to pay dividends, there were 19 billion rubles in Google's accounts, and after the payment there were still 14 billion left. Google's activities generated a lot of revenue - in the fourth quarter of 2021, the cost of services sold amounted to 47.5 billion rubles. Therefore, according to the defendant, it was impossible to talk about either Google's insolvency or the illegality of its participant's actions.
In October, the Moscow Arbitration Court declared Google LLC bankrupt and opened bankruptcy proceedings in the company. The initial bankruptcy procedure – supervision – at Google LLC was introduced in November 2022 by the Ninth Arbitration Court of Appeal at the company's own request.
As follows from the message in the file of arbitration cases, the cassation appeal of Google International LLC was received by the Supreme Court of the Russian Federation on March 14. In accordance with the procedural legislation, the judge of the Supreme Court of the Russian Federation, to whom it will be distributed, has at least two months to study it.
The courts, at the request of Valery Talyarovsky, the bankruptcy trustee of Google, declared illegal the transfer of almost 9.5 billion rubles of dividends by the Russian division of Google to Google International and the transfer of 500 million rubles of taxes to the budget. The courts applied the consequences of the invalidity of the transactions, collecting from Google International about 10 billion rubles in the bankruptcy estate of Google.
Talyarovsky told the court of first instance that Google International, the sole participant of Google, decided in December 2020 to distribute up to 10 billion rubles of the subsidiary's profits for 2015-2017. About 128.7 million dollars (about 9.5 billion rubles at that time) of dividends were paid in December 2021. Google paid another 500 million to the budget as corporate income tax on income received in the form of dividends to foreign organizations.
Talyarovsky's statement noted that the decisions and transactions took place against the background of the Tsargrad TV channel trial, which ended with Google awarding a multibillion-dollar progressive court penalty. In court, lawyers called the Tsargrad case the "trigger of the Google bankruptcy case." The manager believes that the disputed actions on the eve of bankruptcy were aimed at harming creditors.
Google International representatives said that at the time of the decision to pay dividends, there were 19 billion rubles in Google's accounts, and after the payment there were still 14 billion left. Google's activities generated a lot of revenue - in the fourth quarter of 2021, the cost of services sold amounted to 47.5 billion rubles. Therefore, according to the defendant, it was impossible to talk about either Google's insolvency or the illegality of its participant's actions.
In October, the Moscow Arbitration Court declared Google LLC bankrupt and opened bankruptcy proceedings in the company. The initial bankruptcy procedure – supervision – at Google LLC was introduced in November 2022 by the Ninth Arbitration Court of Appeal at the company's own request.
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