--Facebook France has agreed to pay 104 million euros ($122.7 million) in back taxes related to revenues that the social media giant's French subsidiary didn't report in the country before 2018, French business media Capital said on Monday, citing documents it has reviewed.

--The tax adjustment includes EUR22 million in penalties and weighed on Facebook France's results in 2019, Capital said.

Full story in French: https://bit.ly/2QjkowF

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(END) Dow Jones Newswires

August 24, 2020 05:48 ET (09:48 GMT)

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