julien bouissou @jubouissou South Asia correspondent, Le Monde, @lemondefr Apr. 13, 2019 1 min read

Breaking : French authorities waived taxes worth 143,7 million euros for Anil Ambani's French-based company just a few months after PM Modi announced his plans to buy 36 Rafale fighter jets from Dassault. Our story with @annemichel_LM
 https://www.lemonde.fr/economie/article/2019/04/13/comment-la-france-a-efface-la-dette-fiscale-d-un-industriel-indien-associe-de-dassault_5449659_3234.html 

Anil Ambani has a telecom company registered in France called "Reliance Atlantic Flag France".

The company was investigated by French tax authorities and found liable to pay 60 million euros in taxes for the period 2007 to 2010.

Reliance offered to pay 7.6 million euros as a settlement. The French tax authorities refused. They conducted another investigation for the period 2010 to 2012 and asked for an additional 91 million euros in taxes.

In April 2015, PM Modi announced plans to buy 36 Rafale fighter jets from Dassault. By then, the total amount owed by Reliance to the French state in taxes was at least 151 million euros.

Six months after Modi's Rafale announcement, the French tax authorities accepted 7.3 million euros from Reliance as a settlement, instead of the much bigger sum of 151 million euros.

So between February and October 2015, while the French were negotiating the Rafale contract with India, Anil Ambani enjoyed a tax waiver of 143,7 million euros from the French state. Quite a cozy deal, right?

It took me several months to get this info, so I hope you will appreciate it !

We have decided not to run an English version because we dont want to be responsible for any translation error in a piece where every word matters. (you know how good the French are at english ...)


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