Facebook agrees to pay $125 million in back taxes to France

Facebook on Monday said it had agreed to pay $125 million (€106 million) in back taxes to the French government covering a ten-year period ending with 2018. The agreement came after tax authorities carried out an extensive audit of the social media giant’s operations in France. Facebook said in a statement: “We take our tax obligations seriously, pay the taxes we owe in all the markets in which we operate and work closely with tax administrations around the world to ensure compliance with all applicable tax laws.” The social media conglomerate said it had changed its sales structure since 2018 so that “income from advertisers supported by our teams in France is...