Online retailer Amazon said on Monday that French tax authorities had slapped the company with a $252 million claim for back taxes, interest and penalties. Amazon has said it will "vigorously contest" the assessment.
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 minimise their tax bills in the continent by chanelling profits through low-tax regimes.
Amazon said it would fight the tax claim, in court if necessary, and that the demand related to the calendar years 2006 through 2010.
Read more: France hits Amazon with $252 million tax claim - FRANCE - FRANCE 24
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