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Wednesday, December 30, 2015

Apple 'to pay €318m' to settle Italy tax fraud case

Apple's Italian subsidiary has agreed to pay €318m (£235m; $348m) following an investigation into tax fraud allegations, reports say.
Italy's tax authorities say the company failed to pay €880m in tax between 2008 and 2013, according to Le Repubblica.
The settlement follows an investigation by prosecutors in Milan.
The US company has not commented on the agreement. It has previously denied attempting to escape paying tax owed on profits made around the world.

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