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Apple Agrees to Pay EUR 318 Million to Settle Italian Tax Dispute

31 December 2015

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Italy-Ireland-United States-European Union

According to recent reports, Apple has agreed to pay EUR 318 Million to the Italian tax office to settle a tax dispute involving profits generated in Italy through Apple Italia, Apple's Italian subsidiary under Apple Ireland. The dispute reportedly involved EUR 880 million in underpaid tax during the period 2008 to 2013. Although the tax dispute has been settled, a criminal investigation into three Apple Italia executives remains open. The settlement comes at a time of greater scrutiny of the tax practices of MNEs and suspected tax evasion, with a number of investigations underway involving Ireland. France is reportedly in...