Apple reaches agreement with French Authorities to pay back-taxes

, American multinational technology company, has reached an with French authorities to pay up an undeclared amount of back-dated tax, A French media putting the sum at around 500 million euros ($571 million).

Apple in confirmed the tax payment agreement, but did not disclose how much it had agreed to pay.

The statement reads, “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.”

Okay Nigeria understands that the French authorities are pushing for a European Union-wide tax on the world’s top digital and software companies.

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Amadi Promise

Amadi Promise is an Assistant Senior Editor at Okay Nigeria ( who handles Sports & Educational sections. He loves sharing what he knows and also learns from others. Promise is also an Android developer at Rad5 Tech Hub.

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