Keyword: tax

French cosmetics giant L'Oreal in 320m-euro tax readjustment

French cosmetics group L'Oreal announced on Friday it had reached a settlement with France's tax authorities to pay around 320 million euros in a correction of tax returns made by three of its subsidiaries between 2014 and 2018.

Google agrees 1bln-euro settlement of tax dues in France

US digital communications giant Google has agreed an almost 1 billion-euro settlement with France's tax authorities, who threatened a potentially more costly legal case against the company for under-declaring revenue in its business in the country by using the loophole that its European headquarters were based in Ireland.  

French minister slams Trump over 'moronic' threat to French wine

French agriculture minister Didier Guillaume has described US President Donald Trump's threat to increase tariffs on French wine imports in retaliation to France's 'foolishness' in deciding to tax sales of digital retail and commercial activities by tech companies, notably US giants like Amazone and Apple, as being 'completely moronic' and 'absurd'.

France to seek US agreement on tech firm tax ahead of G7 meeting

France's economy minister said his government would 'work closely with our American friends on a universal tax on digital activities' ahead of a G7 summit in Biarritz in late August, adding that French President Emmanuel Macron had held a lengthy conversation with his US counterpart Donald Trump after the latter had slammed Macron's 'foolishness' over the tax and threatened retaliatory tariffs on French wine imports.

Trump promises retaliation over 'foolish' Macron digital tax

In a vitriolic message posted on Twitter, US President Donald Trump slammed a new tax to be levied by France on sales in the country by multinational digital tech firms like Google and Apple, announcing he will take "substantial reciprocal action on Macron's foolishness" and hinting this would be a raising of tariffs on French wine imports. 

France hits Amazon and Google with 3pc digital tax

The 'GAFA' taxwill apply to digital companies with global revenues of over 750 million euros and French revenue over 25 million euros.

Singer Charles Aznavour's complex legal set-up to reduce his French tax bill

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Charles Aznavour in Hollywood on August 24th, 2017, as his star is unveiled on the 'Walk of Fame'. © Reuters Charles Aznavour in Hollywood on August 24th, 2017, as his star is unveiled on the 'Walk of Fame'. © Reuters

In 2007 the famous French singer Charles Aznavour set up a holding company in Luxembourg to receive the dividends he gets from French companies that handle his royalties. More recently members of his family also became involved in this perfectly legal set-up. The result is that this veteran French entertainer, who is resident in Switzerland, and some of his family now pay little tax in France on the proceeds from his music. Romaric Godin reports.

How Volkswagen stashed billions of euros in Luxembourg scheme

By and Martin Hesse, Simon Hage (Der Spiegel) Et Blaz Zgaga
Volkswagen supervisory board chairman Hans Dieter Pötsch. © Reuters Volkswagen supervisory board chairman Hans Dieter Pötsch. © Reuters

Between 2014 and 2016, German carmaker Volkswagen placed 5.8 billion euros into a financial structure, run by a staff of five, it registered in Luxembourg, and which paid just 1.7 million euros in taxes on the sum. It is one example of an elaborate system of ‘tax optimisation’ created by the giant group in 2012, despite assurances by its supervisory board chairman, Hans Dieter Pötsch, when he was financial director, that “we have never played such games”. Yann Philippin, Martin Hesse, Simon Hage and Blaz Zgaga report.

Google escapes 1.1bln-euro French tax demand

A Paris administrative court has ruled against the French tax administration claim for back-payments on taxes it claimed were due for the period 2005-2010 when Google and its subsidiary in Ireland were selling a service for inserting online ads to clients in France for years through the California tech giant's search engine.

France says Europe should make US firms pay fair share of taxes

French minister said it was time for Europe to defend its own interests and make Google, Amazon and Facebook pay 'taxes they owe in Europe'.

France's constitutional court quashes 'Google tax' proposal

The measure was thrown out as French government seeks to make country more attractive for foreign businesses looking to relocate after Brexit.

Billionaire Dassault on trial over hidden offshore cash

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Serge Dassault, the head of the aviation and defence group that bears his name, a right-wing senator and France's sixth richest person, is accused of laundering the proceeds of tax fraud and of hiding part of his wealth from Parliamentary authorities. The trial, which started on Monday July 4th, focuses on cash hidden in offshore accounts which was allegedly later used to buy votes in the town near Paris where Dassault was mayor. As Yann Philippin reports, the origins of some of these accounts goes back to the days of Serge Dassault's father Marcel, who founded the aviation group.

Police raid Google France HQ in huge tax dodging inquiry

About 100 officers swooped on US firm's offices in Paris to investigate charges of aggravated tax fraud and money-laundering.

France bills McDonald’s for 300m euros in unpaid tax

Magazine L'Expansion says French demand is for unpaid taxes on profits believed to have been funnelled through Luxembourg and Switzerland.

French parliament reduces proposed 'Nutella' tax sum

A bill of law proposing a punitive 300-euro-per tonne tax on palm oil has been amended to 90 euros per tonne after protests from producer countries.