Orange: Favourable decision by the French State Council regarding a long standing tax dispute
November 13 2020 - 9:46AM
Orange: Favourable decision by the French State Council regarding a
long standing tax dispute
Press release
Paris, 13 November 2020
Favourable decision by the French State Council regarding a
long-standing tax dispute
Orange welcomes the favourable decision reached
today by the French State Council (Conseil d'Etat) regarding a tax
dispute that began nearly ten years ago. This decision, which
definitively closes the case, confirms the Group’s position since
the beginning of this dispute. It will enable Orange to recover the
amount paid in July 2013 of around €2.2 billion.
The Group, which benefits from a solid balance
sheet, plans to allocate these funds in a fair and balanced manner
in a way that will benefit the development of the company, its
employees and its shareholders, in particular through an employee
share scheme and an enhanced social commitment in light of the
economic and health crisis we are experiencing. These projects will
be submitted to the Board of Directors, which will examine them in
the next few weeks.
Upon the actual payment, the amount received -
principal and interest - will be recorded as current tax income and
will help reduce the company’s net debt. The sums received will not
be subject to tax.
About Orange
Orange is one of the world’s leading
telecommunications operators with sales of 42 billion euros in 2019
and 143,000 employees worldwide at 30 September 2020, including
83,000 employees in France. The Group has a total customer base of
257 million customers worldwide at 30 September 2020, including 212
million mobile customers and 21million fixed broadband customers.
The Group is present in 26 countries. Orange is also a leading
provider of global IT and telecommunication services to
multinational companies, under the brand Orange Business Services.
In December 2019, the Group presented its new "Engage 2025"
strategic plan, which, guided by social and environmental
accountability, aims to reinvent its operator model. While
accelerating in growth areas and placing data and AI at the heart
of its innovation model, the Group will be an attractive and
responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA)
and on the New York Stock Exchange (symbol ORAN).For more
information on the internet and on your mobile: www.orange.com,
www.orange-business.com or to follow us on Twitter:
@orangegrouppr.Orange and any other Orange product or service names
included in this material are trademarks of Orange or Orange Brand
Services Limited.
Press contacts: Tom Wright ;
tom.wright@orange.com ; 06 78 91 35 11Olivier Emberger ;
olivier.emberger@orange.com ; 01 44 44 93 93
- PR_Orange_ConseilEtat_EN_131120
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