“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? 🙂
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.]