Reliance Communications denies France gave a waiver on unit's tax dues

RCom issued the denial after Le Monde newspaper reported that four years ago France dropped a demand for about $159 mn in taxes owed by Reliance's subsidiary in Europe

Reliance Communications Ltd. denied it received favorable treatment by France in settling a tax dispute while negotiating to become Dassault Aviation SA’s partner for a contract to sell fighter jets to India.

The Indian company, owned by former billionaire Anil Ambani, issued the denial after Le Monde newspaper reported that four years ago France dropped a demand for about $159 million in taxes owed by Reliance’s subsidiary in Europe.

The unit, Reliance Flag, “settled all disputes as per legal framework available to all companies in France,” a company spokesman said in a statement Saturday, denying any “favoritism or gain from the settlement.”

Indian