PARIS – French telecoms group Orange yesterday said it has won a tax dispute that will allow it to reclaim more than €2.2 billion (RM10.74 billion).
The firm said it won its claim in France’s top administrative court, which also confirmed the judgment.
The group said it will allocate the returned funds “in a fair and balanced manner, in a way that will benefit the development of the company, its employees and its shareholders”.
Orange added that the money, which will not be subjected to taxes, will be recorded as current tax income and help reduce net debt.
The cash relates to back taxes on the group’s 2005 integration of its Cogecom holding during an internal reorganisation. – AFP, November 14, 2020
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