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Renault profit slumps, but sees stability ahead

“Net profit last year fell to 3.30 billion euros ($3.73 billion) from EUR5.21 billion a year ago” writes Max Bernhard for marketwatch.com. The French auto maker said it will propose a dividend of EUR3.55 a share, the same as last year.Looking to the year ahead, Renault said it expects European and global markets to remain stable if there isn’t a disorderly Brexit. Source: marketwatch.com

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French Senate rejects tougher telecoms controls despite U.S. Huawei warning

“FILE PHOTO: A sign of Huawei is pictured at its shop in Beijing Thomson Reuters PARIS (Reuters) – The French Senate rejected on Wednesday proposed legislation aimed at toughening checks on telecoms equipment, following a U.S. warning about Chinese telecoms giant Huawei” reports businessinsider.com. The new legislation was a last-minute addition by the government to a wide-ranging corporate law and would have required telecom operators to seek formal approval for the use of certain kinds of equipment considered to be particularly sensitive for spying or sabotage risks.Huawei is facing international…

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Apple to pay France $571 million in taxes, report says

“Apple has agreed to pay 500 million euros ($571 million) to France in back tax, Reuters reported Tuesday” writes Stan Schroeder for mashable.com. According to L’Express, France was especially interested in low revenue reported (and, subsequently, low taxes paid) by Apple France in the last ten years. In December 2018, France passed legislation to impose a special tax on Google, Apple, Facebook, and Amazon, after failing to convince the whole European Union to do so.This is not the first time Apple has had to pay large amounts in back taxes…

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Apple has reportedly reached a deal with France over paying back taxes

“Apple agreed to pay $571 million to French authorities to settle a back-dated tax, French media reported on Tuesday” writes unknown author for cnbc.com. “The French tax administration recently concluded a multi-year audit on the company’s French accounts, and those details will be published in our public accounts.”. A comment from Apple wasn’t immediately available when contacted by CNBC. France’s tax authority declined to comment to CNBC.”As a multinational company, Apple is regularly audited by fiscal authorities around the world,” Apple France said in a statement to Reuters.The EU said…

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Apple settles 10-year tax battle with France, paying a reported €500M

“Apple has settled a ten-year tax battle with France, agreeing to pay a reported half a billion Euros ($570M) in back tax” writes Apple Watch Series for 9to5mac.com. The country has introduced new tax legislation to prevent future aggressive tax avoidance by tech giants.Tax evasion is subject to prosecution, while no tax is payable in the case of tax avoidance.France argued that the profit on products sold in France was liable to tax within the country, and Apple has now accepted this.The Irish government offered Apple a sweetheart tax deal…

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Apple reportedly agrees to pay France nearly $600M in back taxes

“Apple reached a deal with French authorities to back-pay 500 million euros ($571 million) in taxes, reports said” writes Sean Keane for cnet.com. Last May, Apple handed over the first billion in a $15 billion Irish tax fine ordered by the EU in 2016. Neither Apple nor the French tax authorities immediately responded to requests for comment.The Cupertino, California, company’s French branch confirmed the tax agreement to Reuters on Tuesday, without revealing how much it would pay.However, French magazine L’Express reported the sum and noted that the deal was made…

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Apple Agrees Deal With France to Pay $571 million in Back-Taxes

“Apple has reached a deal with French authorities to pay an undeclared amount of back-dated tax, according to multiple reports today.Apple’s French division confirmed the tax payment agreement to Reuters , but didn’t disclose how much it had agreed to pay, although French media suggest the sum is around 500 million euros ($571 million).France has been working diligently to stop tech companies like Apple from exploiting tax loopholes in the country” writes Tuesday February for macrumors.com. The loopholes are said to have allowed Apple to “minimize taxes and grab market…

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Apple agrees to pay back-taxes to French authorities

“PARIS (Reuters) – U.S. technology giant Apple said it had reached a deal with France to pay an undeclared amount of back-dated tax, with French media putting the sum at around 500 million euros ($571 million)” writes Midwest Communications Inc for 95kqds.com. Apple’s French division confirmed the tax payment agreement, but did not disclose how much it had agreed to pay.”As a multinational company, Apple is regularly audited by fiscal authorities around the world,” Apple France said in a statement.”The French tax administration recently concluded a multi-year audit on the…

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General Electric to pay $57 million for missing French job target: ministry

“PARIS (Reuters) – General Electric is to pay 50 million euros ($57 million) for failing to meet a job creation target agreed when it took over French group Alstom’s energy business, the French Finance Ministry said on Tuesday” writes Midwest Communications Inc for 95kqds.com. When it bought Alstom’s energy business in 2015, GE had committed to maintain jobs for at least three years in France and create 1,000 net new jobs by the end of 2018. GE has created only a net new 25 jobs in the face of weak…

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