Name: Apple pays France €500 million to cover a decade of back taxes
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Apple pays France €500 million to cover a decade of back taxes

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Apple has reportedly paid 10 years of back taxes to the French tax authority—around €500 million (over $570 million)—according to , a business newspaper.The iPhone maker has been under pressure to pay taxes to European Union countries after it was found to have engaged in legal financial chicanery to drastically mitigate its tax burden.Ars&nbsp;&nbsp;previously that Apple pays an effective 2.3 percent tax rate on overseas profits by using various legal tax mechanisms across several countries as a way to minimize its tax burden. Google, Microsoft, and many other large multinational corporations engage in similar behavior. (&nbsp;how such arrangements typically work.)"As a multinational company, Apple is regularly audited by fiscal authorities around the world," Apple France said in a statement provided to the media. "The French tax administration recently concluded a multi-year audit on the company’s French accounts, and those details will be published in our public accounts."The French business newspaper also noted that for several months, Apple has been negotiating with the tax agency, known as DVNI, adding that it may take until the end of the year to reach a final deal. DVNI struck a similar deal with Amazon last year and is now examining other major tech firms, including Google, Facebook, and Microsoft.At the beginning of 2019, France a "GAFA tax" (under the French acronym for Google, Apple, Facebook, Amazon) and is lobbying the European Union to come up with a similar EU-wide tax plan for tech giants.You must to comment.

Apple has reportedly paid 10 years of back taxes to the French tax authority—around €500 million (over $570 million)—according to , a business newspaper.The iPhone maker has been under pressure to pay taxes to European Union countries after it was found to have engaged in legal financial chicanery to drastically mitigate its tax burden.Ars&nbsp;&nbsp;previously that Apple pays an effective 2.3 percent tax rate on overseas profits by using various legal tax mechanisms across several countries as a way to minimize its tax burden. Google, Microsoft, and many other large multinational...

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Cyrus Farivar

Ars Technica is a website covering news and opinions in technology, science, politics, and society, created by Ken Fisher and Jon Stokes in 1998. It publishes news, reviews, and guides on issues such as computer hardware and software, science, technology policy, and video games. Many of the site's writers are postgraduates and some work for research institutions. Articles on the website are written in a less-formal tone than those in traditional journals. Ars Technica was privately owned until May 2008, when it was sold to Condé Nast Digital, the online division of Condé Nast Publications.

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Apple pays France €500 million to cover a decade of back taxes

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