Facebook to Pay More Tax in France, Head of French Unit Says

Facebook Inc. will pay more tax in France after changing its operating model in the country and as the government imposes a new levy on the revenue of digital companies, French unit chief Laurent Solly told Le Parisien.

FILE - In this March 29, 2018 file photo, the logo for social media giant Facebook, appears on screens at the Nasdaq MarketSite, in New York's Times Square.Ireland’s privacy regulator says it launched its eleventh investigation into Facebook over the social media giant’s recent revelation that left hundreds of millions of user passwords exposed. The Irish Data Protection Commission said Thursday, April 25, 2019 that it opened a statutory inquiry this week into Facebook after the company notified it about the security lapse. (AP Photo/Richard Drew, File)Read moreRichard Drew / AP

by William Horobin, Bloomberg

Published Apr. 28, 2019, 6:06 a.m. ET

(Bloomberg) — Facebook Inc. will pay more tax in France after changing its operating model in the country and as the government imposes a new levy on the revenue of digital companies, French unit chief Laurent Solly told Le Parisien.

Facebook last year said all revenue from sales in France would be declared in the country and it will “naturally” pay the new revenue tax, Solly said. The French unit has expanded quickly in recent years and Facebook is “in many ways also a French company,” he added.

“You will see Facebook paying more and more tax in France. And I’ll tell you something: that’s normal,” Solly said.

To contact the reporter on this story: William Horobin in Paris at whorobin@bloomberg.net

To contact the editors responsible for this story: Fergal O’Brien at fobrien@bloomberg.net, Nate Lanxon, Chris Vellacott