Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

#BringBackOurGirls - anger and a sense of déjà vu

Read more

FOCUS

Italy helps integrate asylum seekers through training

Read more

FOCUS

'It's a jungle': Living on the street in the City of Light

Read more

THE DEBATE

Boko Haram Kidnappings: Can Nigerian schoolgirls be protected?

Read more

PEOPLE & PROFIT

Brand Trump: Has the US president damaged his company's reputation?

Read more

ENCORE!

Oscars sneak peek: 'Call Me By Your Name', 'I, Tonya' and 'Darkest Hour'

Read more

FRENCH CONNECTIONS

Are the French rude, or is it a big misunderstanding?

Read more

INSIDE THE AMERICAS

Gun control in the US: A glimmer of compromise?

Read more

THE INTERVIEW

Opposition activist Evan Mawarire: Zimbabweans hope they can 'reset our future'

Read more

France

Amazon announces major French tax deal, agrees to report all income locally

© Loic Venance, AFP | US online shopping giant Amazon on February 5, 2018 announced it had struck a major deal with the French government to settle nearly 200 million euros ($249 million) in unpaid taxes.

Text by NEWS WIRES

Latest update : 2018-02-05

US online shopping giant Amazon on Monday announced it had settled a major tax claim in France and agreed to report all its French income locally in future.

Amazon, one of the US tech giants accused of paying too little tax in Europe, said the deal related to a French claim for nearly 200 million euros ($249 million) covering the period from 2006 to 2010.

It did not say how much it paid to end the dispute, saying only that it had reached an overall agreement with tax authorities and would now report all the turnover and profit from its French activities in France.

French tax authorities refused to comment on the settlement, saying it was a secret matter.

Amazon is one of the digital economy giants that minimise their tax bill in Europe by routing their income through low-tax nations -- in Amazon's case, Luxembourg.

In 2012, it revealed that it had been hit with a 198-million-euro bill by France for back taxes, interests and penalties relating to income spread between different jurisdictions.

At the time, the company had said it disagreed with the French assessment and vowed to "vigorously" fight it.

(AFP)

Date created : 2018-02-05

COMMENT(S)