In Brief: European Commission refers France over telecom taxes

July 19, 2006

The European Commission referred France to the Court of Justice Wednesday due to tax breaks granted to France Telecom.

The EC said in a statement that a 2004 examination of the tax regime determined that France Telecom received preferential treatment from the government and that the government had failed to recover that alleged aid.

"The Commission's decision defined the aid to be recovered as the difference between the amount of business tax that France Telecom would have had to pay if the normal business tax law had been applied and the amount of business tax actually paid by France Telecom," the EC said.

The value of the tax breaks in question was estimate at nearly $1 billion.

France Telecom has appealed the 2004 order and maintains that the amount of money to be paid back had not yet been finalized.

Copyright 2006 by United Press International

Explore further: Ofcom's massive price hike could cost us and the UK telecoms industry dearly

Related Stories

Debate erupts in France over blocking online ads (Update)

January 7, 2013

France's Digital Economy minister said Monday she persuaded a top Internet access provider to stop its controversial policy of blocking online advertisements—a move widely seen as an attack against Google but which has ...

Rivals to form UK's top mobile operator

September 8, 2009

(AP) -- Deutsche Telekom AG and France Telecom SA said Tuesday they intend to combine their British mobile phone units - shaking up the country's intensely competitive market and forming the country's biggest mobile operator.

Apple bond offering among biggest ever

April 30, 2013

A bond offering from Apple expected to be priced later today will be one of the largest ever for a US company, according to leading financial newspapers Tuesday.

Deutsche Telekom profit down 37 pct to $696 mln

May 6, 2011

(AP) -- German telecommunications company Deutsche Telekom AG saw net profits fall 37 percent in the first quarter as it lost mobile phone customers in the U.S. and its business suffered in crisis-stricken Greece.

Recommended for you

Glider pilots aim for the stratosphere

November 20, 2015

Talk about serendipity. Einar Enevoldson was strolling past a scientist's office in 1991 when he noticed a freshly printed image tacked to the wall. He was thunderstruck; it showed faint particles in the sky that proved something ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.