France Wants Amazon to Pay $252 Million for Back Taxes

November 12, 2012

Internet retailer Amazon said it had received a $252 million demand from the French tax authorities for back taxes, interest and penalties in relation to “the allocation of income between foreign jurisdictions”. The claim comes as European countries step up efforts to clamp down on U.S. companies which minimize their tax bills in the continent by channeling profits through low-tax regimes.

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