Facebook Agrees to Pay $110 Million in Back Taxes in France
Facebook Agrees to Pay $110 Million in Back Taxes in France Facebookhas agreed to payover 100 million euros ($118 million) as back taxesto the French government. The amount includes a penalty and comes after French tax authorities conducted a ten-year audit of Facebook’s accounts. To be specific, French tax authorities audited Facebook’s accounts over the 2009 – 2018 period. The total amount as part of the agreement is 106 million euros, of which about22 million is because of the penalty....