Apple agrees to pay back-dated taxes to France

“Apple 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),” Reuters reports.

“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.”

Brief article in full here.

MacDailyNews Take: Where, oh, where will Apple find $570 million? 🙂

SEE ALSO:
France to introduce new ‘GAFA’ (Google, Apple, Facebook, Amazon) tax in new year – December 17, 2018

[Thanks to MacDailyNews Readers “Fred Mertz” and “Lynn Weiler” for the heads up.]

7 Comments

    1. Did you read the article? This was a multi-year audit that was only recently concluded. There is no indication that Apple disagrees with the audit’s conclusions. That is why they are paying the back taxes rather than litigating this, as they are the EU Irish case, for example.

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