Apple
to pay Italy 318 million euros, sign tax deal: source
Send a link to a friend
[December 30, 2015]
By Emilio Parodi and Agnieszka
Flak
MILAN (Reuters) - U.S. tech giant Apple
will pay Italy's tax office 318 million euros ($348 million) to settle a
dispute and sign an accord next year on how to manage its tax
liabilities from 2015, a source with direct knowledge of the matter said
on Wednesday.
|
Italian prosecutors have been investigating allegations that Apple
failed to pay corporate taxes to the tune of 879 million euros,
sources told Reuters earlier this year.
"Apple will pay the tax agency 318 million euros and will sign an
accord for fiscal years 2015 onwards early next year," the source
said.
The tax office earlier confirmed a report in La Repubblica that it
had reached a deal with the iPhone maker but declined to say how
much the U.S. company had agreed to pay.
The source said that while the judicial probe, which also regards
three Apple managers, remained open for now, the settlement with the
tax agency would likely have a positive impact on the investigation.
![](http://archives.lincolndailynews.com/2015/Dec/30/images/ads/current/friendship_manor_sda_christmas2014.png)
Apple could not immediately be reached for comment.
Apple is one of several companies, including Google and Amazon, to
become the target of tax inquiries in Europe.
In Italy, tax authorities have pledged to crack down on domestic and
multinational companies in moves that could help shore up stretched
public finances.
[to top of second column] |
![](../images/ads/current/demay_inv-lda081412.png)
The probe launched against Apple claimed that by having profits
generated in Italy and booked by its Irish subsidiary, the company
reduced its taxable income base and saved just under 900 million
euros in the 2008-2013 period, sources said previously.
(Editing by Paola Arosio and Mark Potter)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
![](http://archives.lincolndailynews.com/2015/Dec/30/images/ads/current/hbb_christmas_lda_2015.png) |