Apple has agreed to pay 500 millions euros ($ 571 million) to France in back imposition, Reuters reported Tuesday.
Apple proved these arrangements, but would not disclose the exact extent.
“The French tax organisation recently concluded a multi-year review on the company’s French reports, and those details will be published in our public accountings, ” the company told Reuters.
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French outlet L’Express reported Tuesday that the consider stems from Tim Cook’s visit to France back in October 2018. According to L’Express, France was especially interested in low-grade receipt reported( and, subsequently, low taxes paid) by Apple France in the last ten years. A batch was eventually achieved in December last year, the outlet declarations.
This is not the first time Apple has had to pay enormous extents in back taxes in the European union countries. In September last year, the company paid Ireland 14 million euros, retrieving what EU’s regulators announced Ireland’s “illegal aid” to Apple.
And Apple’s not the only corporation to pursue aggressive duty avoidance policies internationally. In February 2018, Amazon rectified a similar spat with the French authority, which claimed the retail heavyweight owed it 200 millions euros ($ 249 million) in back taxes. In 2017, France queried Google to pay a 1.12 billion euro ($ 1.28 billion) tariff legislation, but in that case Google emerged victorious as a EU tribunal decided Google’s Irish subsidiary was not taxable in France.
In December 2018, France passed legislation to enforced a special levy on Google, Apple, Facebook, and Amazon, after failing to convince the whole European Union to do so.
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