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Apple reaches 500-mln-euro tax settlement with France

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Apple reaches 500-mln-euro tax settlement with FranceApple said Tuesday that it had reached an agreement with French authorities to settle 10 years of back taxes, becoming the latest US company to make a deal with France, which has led a European push for higher taxes on tech giants. Apple paid nearly 500 million euros ($570 million) to resolve the case in a confidential settlement reached in December, a source familiar with the case told AFP, confirming a report in French news weekly L’Express. “The French tax administration recently concluded a multiyear audit on the company’s French accounts and an adjustment will be published in our public accounts,” Apple said in a statement.