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French tax authorities seek €356 million from

Jaclyn Jaeger | June 6, 2016

French tax authorities are seeking €356 million (approximately US$404 million) from, a unit of online hotel reservation company Priceline Group, to recover what they claim are unpaid income taxes and value-added taxes.

In a recent quarterly report, the company disclosed that French tax authorities recently concluded an audit of that started in 2013 of the years 2003 through 2012. “They are asserting that has a permanent establishment in France and are seeking to recover what they claim are unpaid income taxes and value-added taxes,” the filing stated.

In December 2015, the French tax authorities issued assessments for approximately 356 million Euros, the majority of which would represent penalties and interest.

“The company believes that has been, and continues to be, in compliance with French tax...

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