Apple has reached a settlement with the French authorities for tax payments in the past ten years. The tech giant confirms this Tuesday.
Apple does not want to reveal what the settlement went for. But according to the French magazine L’Express, the technology company transferred 500 million euros to the French government in December. This sum was then confirmed to the French press agency by an insider.
The dispute involved a small part of the turnover that the tech giant earned in France. Most of Apple’s European revenue comes in Ireland, where the European headquarters is located. But the particularly low tax rate that Apple pays there is causing a lot of outrage among European authorities. They believe that the American company pays too little tax in Europe in this way.
Amazon also recently reached a deal with the French government regarding tax payments. The company had 200 million euros in its pocket for the period from 2006 to 2010.