Role Taxes: Tax Administration and Laws Practices

role taxes: We know the important role taxes play in society and we pay our taxes in all the countries where we operate, in complete conformity with laws and practices in force at the local level, the company said, according to The Japan Times. French authorities declined to comment further, citing the confidentiality of tax matters. Apple paid nearly 500 million 570 million to resolve the case in a confidential settlement reached in December, a source familiar with the case said, 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. Apple is one of several American technology giants in the line of fire in Europe over their tax strategies, which see them route their income through low-tax nations such as Ireland or Luxembourg. The European Commission said Apple paid an effective corporate tax rate of just 0.005 percent on its European profits in 2014 equivalent to just 50 for every million. In 2016, it was ordered by the European Commission to pay 13 billion in back taxes to Ireland. (news.financializer.com). As reported in the news.