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Eutelsat Communications SA Receives EUR 27 Million Tax Penalty-L'Express

Monday, 14 Oct 2013 08:00pm EDT 

L'Express reported that Eutelsat Communications SA has received a tax penalty of almost EUR 27 million. The French tax authorities accuse the Company of not paying all its taxes in 2009, 2010 and 2011 thanks to a subsidiary in Madeira, which had special status as a free zone. Eutelsat Communications SA claims that the creation of Eutelsat Madeira was carried out in accordance with European law and that the French Treasury was aware of it.