Facebook to pay 106m euros in back taxes to France

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The French subsidiary of Facebook, which employs 208 people, is to pay the French tax authorities 106 million euros in back taxes and penalties following an audit of its activities over the period 2009-20018, and which appears to be centred on a dispute over where the company declared local sales revenue.

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Facebook's French subsidiary has agreed to pay more than 100 million euros (S$161.6 million) in back taxes, including a penalty, after a ten-year audit of its accounts by French tax authorities, the company said on Monday, reports The Business Times.

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