French authorities settle tax case with Amazon

More than five years after Amazon was charged with a tax bill of almost €200 million, in November 2012, the company settled the case with the French tax authorities for an amount that remains undisclosed. According to Amazon, the two parties have reached a ‘comprehensive settlement agreement’, adding that the company has invested more than USD$2 billion in France, and ‘created more than 5,500 permanent jobs’. After losing a court case against Google in July 2017, the French government has not only been pushing for a new EU regulation to tax online companies, but according to Reuters, it also ‘opened the door to negotiating settlements’.