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Apple Said to Pay $348 Million in Italian Taxes to Settle Claim

  • European antitrust officials are probing Apple’s tax dealings
  • IPhone maker has said in past it doesn’t use 'tax gimmicks'
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European Antitrust Officials Probe Apple’s Tax Dealings

Apple Inc. has paid 318 million euros ($348 million) to settle an Italian tax claim, according to a person familiar with the matter.

The Cupertino, California-based company paid the full amount the country’s tax authorities had sought after ruling that Apple booked 880 million euros in profits to an Irish subsidiary from 2008 to 2013 to take advantage of Ireland’s more favorable corporate tax rates, according to the person, who asked not to be named because the matter isn’t public.