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Apple has agreed to pay 10 years of back taxes to France, marking the latest victory for European governments pushing tech multinationals to pay their fair share in local markets.
The iPhone and iPad maker reportedly shelled out close to €500m (£440m) after reaching a confidential settlement with French authorities in December, according to the French news magazine L’Express.
Apple has not disclosed the size of the settlement, but said in a statement: “The French tax authority recently concluded a multiyear audit of our French accounts and the adjustment will be reflected in our publicly filed accounts.
www.theguardian.com
The iPhone and iPad maker reportedly shelled out close to €500m (£440m) after reaching a confidential settlement with French authorities in December, according to the French news magazine L’Express.
Apple has not disclosed the size of the settlement, but said in a statement: “The French tax authority recently concluded a multiyear audit of our French accounts and the adjustment will be reflected in our publicly filed accounts.
Apple to pay 10 years of back taxes to France
US tech firm has not disclosed sum but French magazine says figure is close to €500m
www.theguardian.com
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