iPhone-maker Apple has reached a deal with French authorities to pay back taxes.

French magazine L’Express reported that the firm paid nearly €500m ($570m, £439m) in a confidential settlement reached late last year.

Apple’s French business confirmed there was a deal in a statement to the Reuters news agency but refused to say how much was paid.

France is lobbying for an EU-wide tax on the biggest technology firms.

“As a multinational company, Apple is regularly audited by fiscal authorities around the world,” Apple France said in the statement.

“The French tax administration recently concluded a multi-year audit on the company’s French accounts, and those details will be published in our public accounts.”

https://techupdate.com.ng/2019/02/06/apple-reportedly-settles-french-tax-bill/