Apple agrees to pay £235m in Italian tax case
Published 30/12/2015 | 13:16
Apple Italia has agreed to pay 318 million euro (£235 million) in taxes and is working out a deal to cover future tax liabilities for business it does in the country.
The case is one of several against global technology companies that use headquarters in low-tax nations like Ireland to avoid paying higher taxes in other countries, like Italy.
Milan prosecutors confirmed a report in Rome daily La Repubblica that Apple agreed to pay the sum for years spanning 2008-2013.
The prosecutors also said Apple and Italy are working to reach an accord on what the company's tax liabilities will be for successive years.