France Telecom loses tax appeal

The European Court of Justice has ordered France Telecom to pay business tax it says it owes dating back to 1994, upholding a 2004 decision by the European Commission.

Seven years ago, the EC ruled that the company, Europe's fourth-largest telecoms operator, paid less business tax than it should have from 1994 to 2002. Commissioners considered that to be an illegal form of state aid.

That decision was upheld by the European General Court, which prompted France Telecom, which said it had already repaid €1.02 billion, to take its case to the highest court in the EU.

The European Court of Justice statement said: "The court confirms the judgment of the General Court finding that France Telecom benefited from state aid incompatible with the common market each year from 1994 to 2002.

"The Commission's decision finding that aid existed and ordering its recovery is valid."

More News

MegaFon launches debit card linked to mobile account, offers 8% interest MegaFon launches debit card linked to mobile account, offers 8% interest MegaFon hopes its customers will turn their mobile phone accounts into bank accounts as it unveiled a new debit card. More detail
Tele2 acquires Kombridge for IoT security credentials Tele2 acquires Kombridge for IoT security credentials Tele2 has acquired Sweden-based security business Kombridge to boost its IoT division. More detail
Telekom Austria wins deal to launch India-based TV company in Europe Telekom Austria wins deal to launch India-based TV company in Europe Telekom Austria has won a deal to help India-based travel channel travelxp HD launch in Europe. More detail
Private equity firm closes deal for Xura Private equity firm closes deal for Xura Xura’s shareholders have approved the takeover of the company by private equity firm Siris Capital. More detail
UK supermarket Asda launches international calling service UK supermarket Asda launches international calling service Asda has relaunched its Call Time product as an international calling service. More detail
    

@eurocomms