Latest news about ethical consumerism


 

Booking.com under investigation by French tax authorities

Jun 2

Written by:
02/06/2016 13:29  RssIcon

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.
 

Booking.com


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. 

 



This story has been added to our corporate database. The database powers all our live product guides, giving the score for each company on our rankings tables. Find out more about how we rate companies.


 

 

 

 


 

Tags:
Categories:

 

Full News Archive

 

Ethical news archive going back to July 2009.

Read More

Ethical Consumer Blog

Victory for UNIQLO garment workers

  • 13/01/2017 13:34

Fashion retailer announces it will make its supply chain public

Ethical Consumer Blog

New Rating Categories at Ethical Consumer

  • 11/01/2017 17:56

Palm oil and controversial technologies in the spotlight

Ethical Consumer Blog

#FightFastFashion campaign

  • 09/01/2017 09:46

This year ditch the high street and help us in the fight against fast fashion