- Category: Economic
- Published Wednesday, December 30, 2015
- CTV News
ROME -- Italian authorities say Apple Italia has agreed to pay 318 million euros ($350 million) in taxes for several past years and is working out a deal to cover future tax liabilities for business it does in the country.
The case is one of several against global technology companies that use headquarters in low-tax nations like Ireland to avoid paying higher taxes in other countries, like Italy.
Milan prosecutors Wednesday confirmed a report in Rome daily La Repubblica that Apple agreed to pay the sum for years spanning 2008-2013. The prosecutors also said Apple and Italy are working to reach an accord on what the company's tax liabilities will be for successive years.
Apple offices in Milan, London and Ireland were closed on Wednesday. Messages seeking comment weren't immediately answered.