Apple has agreed to pay 500 million euros ($571 million) to France in back tax, Reuters reported Tuesday.
Apple confirmed the agreement, but would not disclose the exact amount.
“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 company told Reuters.
French outlet L’Express reported Tuesday that the deal stems from Tim Cook’s visit to France back in October 2018. According to L’Express, France was especially interested in low revenue reported (and, subsequently, low taxes paid) by Apple France in the last ten years. A deal was finally reached in December last year, the outlet claims. Read more…
More about Apple, France, Tax, Tech, and Big Tech Companies