U.S. technology giant Apple (AAPL.O) said it had reached a deal with France to pay an undeclared amount of back-dated tax, with French media putting the sum at around 500 million euros (438 million pounds).
Apple’s French division confirmed the tax payment agreement, but did not disclose how much it had agreed to pay.
“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.”
The French government is pushing for a European Union-wide tax on the world’s top digital and software companies.
Reuters
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