Report: Apple Settles Tax Dispute With Italian Government, Will Pay $348 Million

by Amy Weingarden, Benzinga Staff Writer

December 30, 2015 9:34 AM | 1 min read | Make a Comment

Apple Inc.AAPL

's operations in Europe have come under the scrutiny of governments for its alleged dodging of taxes. Related Link:

Apple Expects 'Material' Tax Repercussions From European Commission Tax Probe

On Wednesday, Apple's Italian subsidiary has agreed to pay 235 million euros (approximately $348 million) to the Italian government to settle an investigation into alleged tax avoidance.

BBC, citing Italian-based La Repubblica, reported that the Italian government claims Apple failed to pay part of its taxes between 2008 and 2013. The Italian investigators found a gap between Apple's revenues in Italy of over 1 billion euros and the 30 million euros of taxes that were paid to the government. Apple's Italian subsidiary is part of the company's European operation which claims its headquarters in Ireland.

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Posted In: News Legal Apple Apple Europe Apple Italy Apple Tax Avoidance La Repubblica

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