France waived taxes worth 143.7 million euros to a French-registered telecom subsidiary of Anil Ambani's Reliance Communications in 2015, months after India's announcement of buying 36 Rafale jets, French newspaper Le Monde reported today.
Reliance Communications rejected any wrongdoing and said the tax dispute was settled under a legal framework that is available to all companies operating in France.
The French newspaper said the French tax authorities accepted 7.3 million euros from Reliance Flag Atlantic France as a settlement against an original demand of 151 million euros. Reliance Flag owns a terrestrial cable network and other telecom infrastructure in France.
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France waived taxes worth 143.7 million euros to a French-registered telecom subsidiary of Anil Ambani's Reliance Communications in 2015, months after India's announcement of buying 36 Rafale jets, French newspaper Le Monde reported today. Reliance Communications rejected any wrongdoing and said the tax dispute was settled under a legal framework that is available to all companies operating in France. The French newspaper said the French tax authorities accepted 7.3 million euros from Reliance Flag Atlantic France as a settlement against an original demand of 151 million euros. Reliance Flag owns a terrestrial cable network and other telecom infrastructure in France.