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France demands $420 million from Apple for unpaid taxes

by Daily Sabah

ISTANBUL Nov 24, 2016 - 12:00 am GMT+3
(Reuters Photo)
(Reuters Photo)
by Daily Sabah Nov 24, 2016 12:00 am

The tax administration of France has requested 400 million euros ($420 million) from Apple's French branch for unpaid taxes.

French weekly news magazine L'Express reported on Wednesday that tax authorities had charged the American technology giant for resorting to various legal tax optimization tricks, and hiding large revenues for the period from 2011 to 2013.

Apple allegedly shows a low turnover in its activities operating in France, and has repatriated larger sums to countries such as Ireland, which have a more profitable tax regime.

Apple representatives have not yet confirmed the receipt of any such notification from the French authorities.

French tax authorities have already requested several hundreds of millions of euros to other high-profile companies such Amazon, Google, and Booking.com.

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