Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  Facebook to pay 104 million euros in back taxes in France
BackBack

Facebook to pay 104 million euros in back taxes in France

Facebook has been ordered to pay 104 million euros, including a 22 million euro penalty, relating to its accounting years before 2018

FILE - This March 29, 2018 file photo, shows the logo for social media giant Facebook at the Nasdaq MarketSite in New York's Times Square. The COVID-19 pandemic impacted Facebook’s ability to remove harmful and forbidden material from its platforms, the company said Tuesday, Aug. 11, 2020. Sending its content moderators to work from home in March amid the pandemic led the company to remove less harmful material from Facebook and Instagram around suicide, self-injury and child nudity and sexual exploitation. (AP Photo/Richard Drew, File) (AP)Premium
FILE - This March 29, 2018 file photo, shows the logo for social media giant Facebook at the Nasdaq MarketSite in New York's Times Square. The COVID-19 pandemic impacted Facebook’s ability to remove harmful and forbidden material from its platforms, the company said Tuesday, Aug. 11, 2020. Sending its content moderators to work from home in March amid the pandemic led the company to remove less harmful material from Facebook and Instagram around suicide, self-injury and child nudity and sexual exploitation. (AP Photo/Richard Drew, File) (AP)

PARIS : Facebook France has accepted paying more than 100 million euros in taxes, including a penalty, relating to its accounting years before 2018, French financial magazine Capital reported on its website.

Facebook was not immediately available for comment. The French Finance Ministry said it could not comment on individual tax cases.

Capital reported that it had seen documents showing that Facebook had been ordered to pay 104 million euros, including a 22 million euro penalty.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 24 Aug 2020, 02:01 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie