The magazine reported that the firm paid nearly 500 million euros ($570 million) to resolve the case in a confidential settlement reached in December. “The French tax administration recently concluded a multi-year audit on the company’s French accounts and an adjustment will be published in our public accounts,” Apple told AFP. The company declined to disclose the amount paid, but a source familiar with the case confirmed to AFP the sum of nearly 500 million euros reported by L’Express. The French deal with Apple follows one with Amazon, which agreed to pay $252 million (202 million euros) to cover back taxes for the years 2006 to 2010. The French government is also pushing to impose a tax on digital firms, and is expected to unveil legislation later this month that would raise 500 million euros this year.

Source: The Guardian February 05, 2019 11:03 UTC