/// French Court Hits Apple With $6.5 Million Royalty Tax Bill
Yet another tax problem for Apple , this one in Europe. A French court has found that the company failed to pay millions of dollars in taxes on iPads sold in 2011. The Paris High Court ruled last week that Apple must pay $6.5 million in taxes to Copie France. That agency — which collects copyright tariffs for the music, film, visual arts and publishing industries — had argued that Apple collected $9.3 million in royalty taxes on iPads it sold in France in 2011, but instead of passing the money along to Copie France, which would have distributed it to creatives, it held on to it. Why? That’s not entirely clear. But Apple has been contesting the legality of Copie France tariffs in court and, given that, will almost certainly appeal the Paris High Court’s ruling.
View original post here:
French Court Hits Apple With $6.5 Million Royalty Tax Bill
- 05/16/2016 • Warren Buffett’s Berkshire Hathaway Takes Stake in Apple Worth More Than $1 Billion
- 03/16/2016 • State Farm Is Being Featured in Tonight’s Episode of Black-ish
- 12/17/2015 • Tastemade Serves Up $40 Million Funding Round
- 10/29/2015 • Q&A: Why the Founder of NY Comic Con Is Bringing YouTube Stars to Agencies’ Backyard