22 September 2019

Pay

Apple to pay Italy €318 million euros to settle tax fraud probe

KONFRONTASI - US-based computer tech giant, Apple has agreed to pay Italy 318 million euros (USD 348 million) to settle a tax dispute after the company came under investigation for suspected fraud.

According to Italy’s tax agency on Tuesday, the company's Italian subsidiary and a number of its senior executives have been under investigation for fraud.

Fraud charges were leveled against Apple after it failed to comply with its obligations to declare its earnings in Italy between 2008 and 2013, AFP reported.