Report: Online retailer settles tax dispute with France
Amazon has reached a settlement with France regarding back taxes.
The online giant has been locked in a long-running dispute with French tax authorities. Officials have been seeking approximately $249 million (nearly 200 million euros) from Amazon, according to Reuters.
Neither party acknowledged the details of the deal. However, an Amazon France spokesperson said in an email to Reuters, “We have reached an overall settlement agreement with the French authorities on past questions.”
The back taxes — as well as related interest and penalties — date back to the fiscal years between 2006 and 2010 in relation to “the allocation of income between foreign jurisdictions,” the report said.
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The online giant has been locked in a long-running dispute with French tax authorities. Officials have been seeking approximately $249 million (nearly 200 million euros) from Amazon, according to Reuters.
Neither party acknowledged the details of the deal. However, an Amazon France spokesperson said in an email to Reuters, “We have reached an overall settlement agreement with the French authorities on past questions.”
The back taxes — as well as related interest and penalties — date back to the fiscal years between 2006 and 2010 in relation to “the allocation of income between foreign jurisdictions,” the report said.
To read more, click here.