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Apple reaches agreement with French Authorities to pay back-taxes

Apple reaches agreement with French Authorities to pay back-taxes - OkayNG NewsApple Queens Center in New York City © Apple Inc.

, 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
the authorAmadi Promise
Content Manager
Promise is an Android developer at Rad5 Tech Hub and also an Editor at Okay Nigeria (Okay.ng). He love sharing what he knows and also learn from others.

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