SVE NEWS & France 24 Sharing Series – Facebook agrees to pay France €106 million in back taxes

A-smartphone-shows-the-Facebook-logo-on-July-4-2019-in-Nantes..png

Facebook’s French subsidiary has agreed to pay 106 million euros ($125 million) in back taxes and penalties following persistent government efforts to get online giants to pay more taxes where they make their money.

The agreement came after French tax authorities carried out an extensive audit of a decade of Facebook’s operations in the country, from 2009-2018, a company spokesperson said Monday.

The spokesperson, who was not authorized to be publicly named according to Facebook policy, said the company “takes its tax obligations seriously” wherever it operates.

The French tax department would not comment on the deal, citing the right to tax secrecy.

Facebook’s French revenues soared last year after the company decided to include advertising income from French companies in its local accounting declarations, instead of declaring them in low-tax Ireland, where Facebook’s international operations are based.

As a result, Facebook will pay 8.4 million euros in profit taxes in France this year, about 50% more than last year, the spokesperson said.

That change came in the wake of efforts from French President Emmanuel Macron and his government to press online powerhouses like Facebook, Google and Amazon to pay more taxes locally.

The push has led to a tit-for-tat tax battle with the United States.

France imposed a 3% digital services tax on global technology giants, and last month the Trump administration announced plans to impose taxes on $1.3 billion worth of French imports, including handbags and makeup, in retaliation.

(AP)

 

 

Sources from: France 24

SVE NEWS is the leader in world news liberal sharing.

(Comments on this news are welcome)

2020 CWMALLS: Standard, Sharing,Ecology, Value;
2020 CWMALLS COMMODITY: Patent, Technology, Art, Intelligence;
2020 CWMALLS NEW SPECIES: Keen, Aggressive, Personality, Value;
2020 MWE FUND: Charity, Public Welfare, Responsibility;

Tips: Due to the influence of Coronavirus, the 2020 Northern Hemisphere will be very cold, so please pay attention to the CWMALLS patented products series in order to prepare for prevention; consumers, distributors, live broadcasters, opinion leaders and other partners in Europe region, North America region, Asia Pacific region, please pay attention to CWMALLS NEWS! According to the prediction of CWMALLS Weather, 2020 winter of Northern Hemisphere (especially in North American region and European region) will be much colder than previous years, the situation in the movie The Day After Tomorrow might happen, hope everyone (especially the middle-aged and elderly people with diseases like cardiovascular disease, arthritis, scapulohumeral periarthritis, etc., and friends who live in cold areas, high altitude areas and extremely cold areas) to prepare for keeping out the cold! Scientific and reasonable prevention makes life become easier and more wonderful! Meanwhile, CWMALLS® Patented Product Series is also provided with Custom Made, Personal Tailor services, and appreciated and interacted synchronously via Google, Bing, FacebookTwitter,YouTube, Pinterest , LinkedInVK and other sharing platforms; welcome worldwide web celebrities, fashion icons, opinion leaders, columnists and other friends, partners to comprehend and cooperate actively! Thank you! In 2020 CWMALLS people, CWMALLS team, CWMALLS complex will bring you more surprises and values!

    Top