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IT

Microsoft France faces tax fraud investigation - report

Thursday 5 July 2012 | 08:17 CET | News
Microsoft is suspected of tax fraud by the French ministry of finance, according to a report in Le Canard Enchaine. The company's French subsidiary was the subject of a visit by the police and tax inspectors on 28 June, which Microsoft described as a non-event. According to the report, the software giant is said to have billed French clients through foreign subsidiaries for commercial activity undertaken by its managers and employees in France. It is alleged that the company was doing so to pay less corporation tax. French corporation tax is 33.3 percent, compared to 12.5 percent in Ireland

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Categories: General / IT
Companies: Microsoft
Countries: France
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