Facebook agrees with France to pay €106mil in back taxes

Facebook on Aug 24 said it had agreed with the French government to pay €106mil (RM523.09mil) in back taxes for its French operations over a 10-year period from 2009. — AFP

PARIS: US social media giant Facebook on Aug 24 said it had agreed with the French government to pay €106mil (RM523.09mil) in back taxes for its French operations over a 10-year period from 2009, and to pay 50% more tax in the current year.

The payment by American digital giants of tax on revenues in the country in which they are accrued has been the subject of a longstanding conflict between France and the United States. Many have their EU headquarters in low-tax-regime countries.