Amazon settles tax optimization dispute with French authorities
Techcrunch --------------- Amazon has signed an undisclosed deal with the French tax authorities, Amazon told the AFP. From 2006 to 2010, Amazon operated in France using its subsidiary in Luxembourg. This way, the company could pay less taxes. But French authorities think French sales should be taxed in France. That’s why they were asking for $252 million in unpaid taxes (€203 million). Both Amazon and the French government didn’t comment on the amount of the fine. It’s possible that Amazon eventually paid less than $252 million. According to the company, Amazon has created a subsidiary in France since then so that French revenue is taxed in France. So the Luxembourg issue shouldn’t come up again. To learn more click on the picture below to read the article.