(Original title: Facebook to pay 104 million euros in back taxes in France: media)

Facebook's French subsidiary has reached a settlement with the French tax agency and agreed to pay 104 million euros (approximately $123 million) in taxes and fines.

According to published documents, the social network giant failed to report to the Directorate General of Public Finance (DGFiP) the income it generates in France before 2018, so it was required to pay $123 million in taxes, including 22 million euros (approximately). US$25.99 million).

According to local French media reports, this puts Facebook's French subsidiary into a deficit. According to its 2019 accounts, the company lost 88 million euros (about 100 million U.S. dollars) and had a negative equity of 70 million euros (about 82.7 million U.S. dollars).

When asked about the information, a Facebook spokesperson said he could not immediately comment. The French Public Finance Agency also declined to comment on the grounds of tax secrecy. (Little)

Source: NetEase Technology Report, translated by Google Translate