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Apple agrees 500-mln-euro tax settlement with France


Photo: Apple

Apple said Tuesday it had reached an agreement with French authorities to settle 10 years of back taxes, becoming the latest US company to reach a deal with France which has led a European push for higher taxes on tech giants.

French news weekly L’Express reported that Apple had paid nearly 500 million euros ($570 million) to resolve the case in a confidential settlement reached in December.

Apple declined to disclose the amount paid, but a source familiar with the case confirmed the figure to AFP.

“The French tax administration recently concluded a multi-year audit on the company’s French accounts and an adjustment will be published in our public accounts,” Apple said in a statement.

“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 further, citing the confidentiality of tax matters.