Published: 13 Nov 2012 11:17 GMT+01:00 | Print version
Updated: 13 Nov 2012 11:17 GMT+01:00
Online retailer Amazon revealed on Monday that it has been handed a bill for back taxes by the French authorities amounting to $198 million ($252 million), relating to its turnover in the country.
The US-based firm intends to appeal against the decision, according to a report by the 20minutes.fr website.
"We disagree with the assessment presented and intend to contest it vigorously," the firm said in connection with a results statement.
The sum includes all penalties and interest and refers to the firm's earnings in France in the years 2006-2010. The demand is reported by the BBC to directly relate to the firm's practice of funnelling its European sales through Luxembourg.
The revelations come just a day after Amazon was criticized by UK lawmakers for not paying more tax in Britain.
Amazon's head of public policy, Andrew Cecil, was unable to satisfy UK MPs with his explanation of the group's corporate set up and for being unable to specify the owner structure behind its Luxembourg-based holding company.
This structure is reported by the BBC to have limited the firm to a tax rate of 11 percent on foreign profits in 2011.
Amazon is not alone in courting the attention of the UK and French authorities, with Google and Starbucks also under scrutiny.
Search engine giant Google, the subject of a tax audit in France, was forced to deny last month that it had received a €1 billion back tax claim from the French authorities.
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A man was arrested on Friday after causing a scare at the Cannes Film Festival, where he attacked a TV studio with a gun loaded with blanks and a dummy grenade, police and witnesses said. READ () »
French actor and newly-minted Russian citizen Gerard Depardieu on Saturday compared President Vladimir Putin to the late Pope John Paul II and said the ex-KGB agent is what Russia needs as a leader. READ () »
France became the 14th country to legalise same-sex marriage Saturday after President Francois Hollande signed the measure into law following months of bitter political debate. READ () »
Struggling French oyster farmers, whose haul has diminished in recent years, are set to receive some much needed help from their Swedish counterparts, by importing oyster spats from Sweden for the first time. READ () »
France's highest court the Constitutional Council cleared the divisive gay marriage bill on Friday, paving the way for same sex unions to become legal. Francois Hollande said he would sign the bill into law as soon as Saturday. READ () »
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Thieves have stolen Chopard jewellery worth $1 million at Cannes Film Festival, French police reported on Friday. The jewellery was due to be loaned to film stars over the coming days. READ () »
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