Tag: Back taxes

France vs. Apple, Feb. 2019, Settlement on Payment of 571 million Euros in Back Taxes

France vs. Apple, Feb. 2019, Settlement on Payment of 571 million Euros in Back Taxes

Apple has agreed to paid an additional 571 million euros to France in a settlement with the tax authorities. According to the French news agency, l’expansion l’Express – “For several months now, secret negotiations on this subject have been taking place between Apple and the French International Audit Department (DVNI). But it is not until the end of December 2018 that a confidential agreement was reached. The subject of the negotiations has been the limited revenues and the low taxes paid by Apple in France for the last ten years.” A similar agreement was entered by Apple in the UK and Apple in Italy ... Continue to full case
UK vs. Apple, Jan. 2018, Payment of £136 million

UK vs. Apple, Jan. 2018, Payment of £136 million

Apple has paid an additional £136m taxes in a settlement with the UK. The settlement is revealed in Apple Europe’s 2017 accounts. “Following an extensive audit by Her Majesty’s Revenue and Customs (HMRC) the Company agreed to pay a corporate income tax adjustment of £136m covering prior years up to September 26, 2015. This payment of additional tax and interest reflects the Company’s increased activity and is recognized in the current financial period which ended on 1 April 2017. As a result of this adjustment the Company’s corporate income tax payments will increase going forward.” Most likely, the HMRC has found that the UK subsidiary had not received a large enough sales- and marketing commission from the Irish Apple sales hub ... Continue to full case
Italy vs. Apple, December 2015, Settlement on Payment of 347 million Dollars in Back Taxes

Italy vs. Apple, December 2015, Settlement on Payment of 347 million Dollars in Back Taxes

Apple has agreed to paid an additional 347 million dollars to Italy in a settlement with the tax authorities. A spokesperson for the Italian tax office says that Apple is paying the sum to end the investigation, and that it is in line with what the agency had asked for — although substantially less than the €880 million Apple has been accused of withholding for sales booked in Italy. A similar agreement has later been entered into by Apple in the UK and Apple in France ... Continue to full case