By Cecilia Butini

Facebook Inc. said Monday that it will pay 106 million euros ($125 million) to the French tax authorities to settle a tax claim in the country for the period from 2009 through 2018.

French business news outlet Capital had reported earlier that the tax adjustment included a penalty to the social media giant for revenue that its French subsidiary hadn't paid taxes on.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

August 24, 2020 12:44 ET (16:44 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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