Facebook agrees to pay France €106 million in digital tax following audit
Facebook’s French subsidiary has agreed to pay the French government 106 million euro (US$125 million) in back taxes and penalties for the years 2009-2018 following a 10-year audit of its accounts. Facebook has also agreed to pay 8.46 million euro in taxes on revenues in France in 2020; 50% more than in 2019. France has been pushing tech companies to pay more taxes in the country where the tax is generated, while Facebook has been accused of not paying its fair share of taxes in countries it operates. In February, Facebook boss Mark Zuckerberg said he recognised the public’s frustration over the amount of tax paid by tech giants accepting the fact the company might have to pay more tax in Europe. He also backed the Organisation for Economic Cooperation and Development (OECD) to find a global solution to how to tax international tech companies.
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