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Italy tax office reaches deal with Apple

Reuters Milan | Updated on January 22, 2018 Published on December 30, 2015

Italian prosecutors have been investigating allegations that Apple failed to pay corporate taxes to the tune of €879 million   -  Reuters

Italy's tax office said on Wednesday it had reached a deal with US tech giant Apple in a dispute over taxes but declined to comment on details of the settlement.

La Repubblica newspaper reported on Wednesday that Apple had agreed to pay €318 million ($347.76 million), in line with the figure the paper said the Italian agency had asked for.

"Apple has agreed to our request," an agency spokesman said. He would not say how much the iPhone maker had agreed to pay.

Italian prosecutors have been investigating allegations that Apple failed to pay corporate taxes to the tune of €879 million ($964 million), sources told Reuters earlier this year.

Apple could not immediately be reached for comment.

Published on December 30, 2015
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