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.
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