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Italy tax office reaches deal with Apple

Italy's tax office said on Wednesday it had reached a deal with U.S. tech giant Apple in a dispute over taxes but declined to comment on details of the settlement.

La Repubblica newspaper reported on Wednesday that Apple had agreed to pay 318 million euros ($347.76 million), in line with the figure the paper said the Italian agency had asked for.


A man checks the Apple Music streaming site using his Apple Inc. iPhone 6s.
Chris Ratcliffe | Bloomberg | Getty Images
A man checks the Apple Music streaming site using his Apple Inc. iPhone 6s.

"Apple has agreed to our request," an agency spokesman said. He would not say how much the iPhone maker had agreed to pay.

Italian prosecutors have been investigating allegations that Apple failed to pay corporate taxes to the tune of 879 million euros ($964 million), sources told Reuters earlier this year.

Apple could not immediately be reached for comment.

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