Artificial IntelligenceCryptocurrencyMetaverseCybersecurityTech Forward

French Tax Authorities Seek $400 Million From

June 1, 2016, 7:34 PM UTC
French currency, assorted coins, full frame
The French unit of currency is the franc.
Photograph by Mark Harwood — Getty Images

(Reuters) – French tax authorities are seeking $397.37 million in unpaid taxes from, a unit of Priceline, the latest multinational to be investigated in the French taxman’s widening crackdown on tax avoidance.

Priceline Group said the tax authorities had recently concluded a more-than two-year audit of’s accounts from 2003 to 2012, according to a filing by the parent company to the U.S. Securities and Exchange Commission.

“In December 2015, the French tax authorities issued assessments for approximately 356 million euros, the majority of which would represent penalties and interest,” Priceline Group said in a filing dated May 4 and seen by Reuters on Wednesday.

France’s tax authorities say had a permanent base in France and are seeking to recover unpaid income and value-added taxes, the filing showed.

For more about taxes, watch:

Italian tax authorities were also looking into’s tax payments and might be weighing possible penalties, Priceline added in the filing.

Priceline Group (PCLN) said had always complied with French and Italian tax law.

“If the company is unable to resolve the matter with the French authorities, it would expect to challenge the assessments in the French courts,” Priceline Group said in the filing which was first reported by Paris Match magazine on Wednesday.

Google, McDonald’s and other multinational firms are under increasing pressure in Europe from governments angry at the way businesses exploit their presence around the world to minimise the taxes they pay.

Last week, French police raided Google’s Paris headquarters, escalating an investigation into the digital giant on suspicion of tax avoidance.

Finance Minister Michel Sapin told Reuters more cases could follow.