Apple secretly pays 500 million euros to the French tax authorities

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Posted: February 5, 2019
Updated: February 5, 2019

by Steve

Apple pin. The apple brand has just paid half a billion euros to the French tax authorities for unpaid bills. According to L’Express, the American giant negotiated with the Ministry of Economy and Finance for months before reaching this agreement.

This settlement follows almost ten years of tax arrears. The French tax administration disputed the financial “montage” created by Apple. The Californian company had indeed transferred part of its turnover to Ireland. Turnover generated… in France. ” This assembly is not illegal in itself “, States L’Express,” but it can be reconsidered by Bercy in case of abuse

apple seat 1024x569 - Apple secretly pays 500 million euros to the French tax authorities

So far confidential, the agreement would have been found at the end of December 2018. Contacted by Le Figaro, Apple spoke on the case: ” We are proud of Apple’s contribution to the French economy. (…) We have invested 800 million euros in subcontracting in France. In total, our activity in France supports nearly 240,000 jobs throughout the country. We know the important role that taxes play in society and we pay them pay in all the countries where we operate, in full compliance with local laws and practices. (…) The adjustment will be communicated in our public accounts.

The decision of the French tax authorities confirms the words of Bruno Le Maire, Minister of the Economy, who says he wants ” get European taxation of digital giants ” As a reminder, Apple, which is one of the famous GAFA, made $ 265.5 billion in sales last year.