Apple to pay $3.2 billion to settle Apple tax scandal

Apple to pay $3.2 billion to settle Apple tax scandal

Apple will pay $2.9 billion to resolve its tax case with the Internal Revenue Service over a failed attempt to dodge a tax bill.

The payment was announced Thursday by the company in a court filing in the U.S. District Court for the District of Columbia, which is seeking to resolve a $3 billion civil penalty against the company by imposing a $2 billion fine.

Apple will pay an initial $3,845 million and a further $1.4 billion will be paid as a penalty for the failed attempt, which was made to avoid the taxes owed by Apple’s Irish subsidiary in Ireland.

The IRS has said that Apple’s Ireland subsidiary did not comply with U.s. tax laws.

Apple was hit with a $25 billion tax bill in 2018 for failing to pay taxes on $4 billion in profits.

The company had paid $5.4 million to settle the case and agreed to pay an additional $2 million.

In 2018, the IRS also said that the company failed to file a “certification of compliance” with the Foreign Account Tax Compliance Act, a law designed to prevent financial institutions from paying tax on foreign earnings.

Apple was found to be violating the law in 2019.

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