Facebook agrees to pay France 106 million euros in contentious back taxes

Paris: US social media giant Facebook on Monday said it had agreed with the French government to pay 106 million euros ($125 million) in back taxes for its French operations over a 10-year period from 2009, and to pay 50 percent more tax in the current year.

The payment by American digital giants of tax on revenues in the country in which they are accrued has been the subject of a longstanding conflict between France and the United States. Many have their EU headquarters in low-tax-regime countries.