The Traderszone Network

Published in TZ Latest News 30 December, 2015 by The TZ Newswire Staff

Apple to pay Italy 318 million euros, sign tax deal – source

Apple Inc will pay Italy’s tax office 318 million euros ($348 million) to settle a dispute over allegations it failed to pay taxes for six years, a source with direct knowledge of the matter said on Wednesday. The deal comes as the European Union and national governments take a tougher stand against profit-shielding arrangements used by multinational companies.

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