French tax authorities seek 356 million euros from SEC filing

The logo of online accommodation booking website is pictured at the International Tourism Trade Fair (ITB) in Berlin, Germany, March 9, 2016. REUTERS/Fabrizio Bensch - RTSA1U4Thomson ReutersThe logo global online travel brand Expedia of is pictured at the International Tourism Trade Fair in Berlin

PARIS (Reuters) – French tax authorities are seeking 356 million euros ($397.37 million) in unpaid taxes from, a unit of Priceline Group
, according to a filing by the parent company to the U.S. Securities and Exchange Commission.

Priceline Group said the tax authorities had recently concluded a more-than two-year audit of’s accounts from 2003 to 2012.

“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 is seeking to recover unpaid income and value-added taxes, the filing showed.

Priceline Group said had always complied with French 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.

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

(Reporting by Yann Le Guernigou; writing by Michel Rose; Editing by Richard Lough and David Evans)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.

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