Facebook surrenders to France
 

Zuckerberg agrees to actually pay back taxes

Facebook's French subsidiary has agreed to pay more than $118 million in back taxes, including a penalty, after a ten year audit of its accounts by French tax authorities.

France, which is pushing hard to overhaul international tax rules on digital companies such as Facebook, Alphabet's Google, Apple and Amazon, has said the big tech groups pay too little tax in the country where they have significant sales. Current international tax rules legally allow companies to funnel sales generated in local markets in Europe to their regional headquarters. Some of the tech companies, including Facebook, have European or international headquarters based in countries with comparatively low corporate tax rates, such as Ireland.

https://fudzilla.com/news/51403-face...ders-to-france