Apple To Pay Back-dated Taxes To French Govt

Apple on Tuesday stated that it had reached an agreement with France to pay an undeclared amount of back-dated tax.

French media reports that Apple had paid nearly 500 million euros ($570 million) to resolve the case in a confidential settlement reached in December.

Apple’s French division confirmed the tax payment agreement but did not disclose how much it had agreed to pay.

The US technology giant declined to disclose the amount paid, but a source familiar with the case confirmed the figure to Nigeria News.

“As a multinational company, Apple is regularly audited by fiscal authorities around the world,” Apple France said in a statement. “The French tax administration recently concluded a multi-year audit on the company’s French accounts, and those details will be published in our public accounts.”

“We know the important role taxes play in society and we pay our taxes in all the countries where we operate, in complete conformity with laws and practices in force at the local level,” added the company.

French authorities declined to comment, citing the confidentiality of tax matters.

The French govt is pushing for a European Union-wide tax on the world’s top digital and software companies.