Apple is taking some heat over paying its taxes in Italy. The tech giant has agreed to pay 318 million euros to settle a tax dispute with Italian authorities, according to the New York Times.
Between 2008 and 2013, prosecutors in Milan believe that Apple failed to pay 880 million euros in taxes, according to BBC. The case against Apple began in 2013 when the company's funds came under question. Authorities were examining whether or not Apple had moved $1.1 billion from their Italian base to its Irish base.
This is because tax rates in Ireland are much lower than they are in Italy, 12.5 percent compared to 27.5 percent. In light of this news, Apple has declined to comment.
Apple isn't the only company being scrutinized, as European officials are zeroing in on many corporations, according to the Telegraph. In the UK, Google, Starbucks, and Amazon have faced similar supervision.
An entirely separate investigation into Apple committing tax fraud by the European Commission is also taking place. Their decision is expected to be released in the early months of 2016.
Apple's Chief Executive Tim Cook has continuously rejected accusations that the company evades taxes. "We pay every tax dollar we owe," Cook said.
