Thursday, Aug 21, 2014Thursday, Aug 21, 2014
News
 

French demand $309m tax from Amazon

Published on Nov 13, 2012 5:36 PM
 

PARIS (AFP) - French tax authorities have demanded US$252 million (S$309 million) in back taxes and interest from online retailer Amazon, according to a company document.

Amazon, which is under increasing pressure over the amount of tax it pays in Europe, is in dispute with the French tax authorities over the amounts involved, the company said in a document filed to the US Securities and Exchange Commission, which has been posted on the stock market regulator's website.

The back taxes that the French are seeking from Amazon relate to earnings in France for the years 2006-10.

The emergence of a dispute between the US multinational and the French authorities emerged a day after Amazon's public policy chief Andrew Cecil was grilled by British Members of Parliament who suspect the company should be paying much more tax there.

 
If you are not a subscriber, you can get instant, unlimited access here