Apple Agrees Deal With France to Pay $571 million in Back-Ta...
Apple has reached a deal with French authorities to pay an undeclared amount of back-dated tax, according to multiple reports today. Apple's French division confirmed the tax payment agreement to Reuters, but didn't disclose how much it had agreed to pay, although French media suggest the sum is around 500 million euros ($571 million). "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."France has been working diligently to stop tech companies like Apple from exploiting tax loopholes in the country. The loopholes are said to have allowed Apple to "minimize taxes and grab market share" at the expense of Europe-based companies. French President Emmanuel Macron is one of the leaders behind the tax crackdown on international tech companies, with a goal of bringing a more unified corporate tax system across the nineteen euro area states. Apple has had trouble with tax activist groups accusing the company of wide-scale tax evasion and occupying its Parisian retail stores. In February 2018, Apple sued the activist group "Attac" for its protests in stores, but the High Court of Paris denied Apple's request for an injunction that would have blocked the group from protesting. Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.Tags: France, taxThis article, "Apple Agrees Deal With France to Pay $571 million in Back-Taxes" first appeared on MacRumors.comDiscuss this article in our forums [read more]
MacRumorsFeb 5 9:27
2 weeks ago