Booking.com under investigation by French tax authorities
Government claims company owes millions in back taxes
French authorities are seeking €356m (£276m) in unpaid taxes from the parent company of Booking.com.
According to documents filed by Priceline, and reported on the BBC website, French tax authorities spent over 2 years auditing Booking.com's French accounts from 2003 to 2012 and found a significant amount of tax was owed.
The French government said Booking.com had a base in France and was obliged to pay income and value-added taxes.
The filing with the Securities and Exchange Commission said:
"In December 2015, the French tax authorities issued Booking.com assessments for approximately €356m, the majority of which would represent penalties and interest".
The company said the majority of funds being sought are penalties, fines and interest.
The company believed it complied with local tax law, and would contest the ruling in court if it could not reach a settlement with the French government.
Further reading: The companies scoring worst for likely use of tax avoidance.
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