Apple reportedly agrees to pay France nearly $600M in back taxes

New Apple Store Opens At The Champs Elysee In Paris

France has millions in back taxes coming to it from Apple.


Chesnot / Getty Images

Apple reached a deal with French authorities to back-pay 500 million euros ($571 million) in taxes, reports said.

The Cupertino, California, company’s French branch confirmed the tax agreement to Reuters on Tuesday, without revealing how much it would pay.

However, French magazine L’Express reported the sum and noted that the deal was made at the end of December.

In December, French finance minister Bruno Le Maire said his country would start taxing tech giants at a national level if European Union countries couldn’t agree on a joint tax on digital revenues. 

Last May, Apple handed over the first billion in a $15 billion Irish tax fine ordered by the EU in 2016.

Neither Apple nor the French tax authorities immediately responded to requests for comment.


Now playing:
Watch this:

EU: Apple, you owe $14.5 billion in taxes



1:58

Source link

more recommended stories

  • Huawei secretly helped North Korea build, maintain wireless network: Washington Post

    A Huawei signage is pictured at.

  • Trump expected to drop in on White House tech meeting with Broadcom, Intel CEOs: sources

    FILE PHOTO: U.S. President Donald Trump.

  • Circuit breakers trip, shares soar as China’s Nasdaq-style bourse debuts

    SHANGHAI (Reuters) – Trading hit a.

  • White House to host meeting with tech executives on Huawei ban: sources

    WASHINGTON (Reuters) – White House economic.

  • Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ

    FILE PHOTO: Credit reporting company Equifax.

  • Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract

    WASHINGTON (Reuters) – Four Republican members.

  • Confusion builds over U.S. ban on Chinese surveillance technology

    WASHINGTON (Reuters) – Contractors who buy.

  • Trump tells France’s Macron U.S. concerned with proposed digital services tax

    U.S. President Donald Trump reacts during.

  • SoftBank raises $270 million via Seoul unit for early-stage investments

    FILE PHOTO: The logo of SoftBank.

  • UK’s new PM must take 5G decision on Huawei urgently: committee

    LONDON (Reuters) – The new prime.

  • Russia fines Google for failing to filter search results

    FILE PHOTO: The Google logo is.

  • SoftBank’s Son says Japan lacks investment opportunities, is AI ‘developing country’

    FILE PHOTO: Japan’s SoftBank Group Corp.

  • Amazon under EU antitrust fire over use of merchant data

    BRUSSELS (Reuters) – Amazon became the.

  • Ericsson says on track for 2020 targets as second-quarter profit matches forecasts

    STOCKHOLM (Reuters) – Mobile network gear.

  • U.S. Justice Department asks appeals court to pause antitrust ruling against Qualcomm

    FILE PHOTO: A Qualcomm sign is.

  • Senate to grill Facebook over plans for Libra cryptocurrency

    WASHINGTON/NEW YORK (Reuters) – U.S. lawmakers.

  • Amazon rivals ride on Prime Day marketing as protests unfold

    NEW YORK (Reuters) – Amazon.com Inc’s.

  • Huawei to invest $3.1 billion in Italy but calls for fair policy on 5G: country CEO

    MILAN (Reuters) – China’s Huawei Technologies.

  • Amazon workers in Germany to strike over pay, Verdi union says

    FILE PHOTO: An Amazon sign is.

  • Israel holds 5G mobile network tender, aims for 2020 launch

    JERUSALEM (Reuters) – Israel launched a.

  • China’s Ping An to invest in education startup iTutorGroup

    BEIJING (Reuters) – Ping An Insurance.

  • U.S. regulators approve $5 billion Facebook settlement over privacy issues: source

    (Reuters) – The U.S. Federal Trade.

  • Japan sets up working group on impact of Facebook’s Libra ahead of G7

    TOKYO (Reuters) – Japanese authorities have.

  • Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars

    , NEW YORK (Reuters) – Ford.

  • Macquarie-backed MEIF 6 Fibre outbids USSL for telecoms firm KCOM

    (Reuters) – Macquarie-backed MEIF 6 Fibre.

  • Trump blasts Bitcoin, Facebook’s Libra, demands they face banking regulations

    WASHINGTON (Reuters) – U.S. President Donald.

  • Twitter back up partially after worldwide outage

    FILE PHOTO – The Twitter logo.

  • French Senate approves tax as U.S. opens probe into digital levy

    PARIS (Reuters) – France’s Senate on.

  • U.S. to probe French plan to tax tech companies

    WASHINGTON (Reuters) – U.S. President Donald.

  • Need quick medical advice in Britain? Ask Alexa

    (Reuters) – Britain’s state-run health service.

  • Appetizing prospects: Uber founder takes aim at South Korea’s shared kitchen market

    SEOUL (Reuters) – Chef Youm Jung-phil.

  • U.S. to provide licenses for sales to Huawei if national security protected

    WASHINGTON (Reuters) – The U.S. government.