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November 13, 2012 03:24 am GMT
Another big Internet company is the target of Direction gnrale des finances - Frances equivalent of the IRS - due to tax noncompliance. The agency is asking Amazon to pay $252 million in non-reported tax and penalties. Most of Amazon's revenue in Europe goes to Luxembourg where the corporate tax is much lower. While it's legal, there are some subtleties in order to comply with the law.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XK9K0foSM1s/
Amazon Faces $252 Million Fine In France Over Taxes, Prepares To Legally Challenge The Accusation
Another big Internet company is the target of Direction gnrale des finances - Frances equivalent of the IRS - due to tax noncompliance. The agency is asking Amazon to pay $252 million in non-reported tax and penalties. Most of Amazon's revenue in Europe goes to Luxembourg where the corporate tax is much lower. While it's legal, there are some subtleties in order to comply with the law.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XK9K0foSM1s/
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