Apple will pay 318 million euros in Italy tax fraud probe

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Justin Sullivan/Getty ImagesApple CEO Tim Cook.

Rome (AFP) - US tech giant Apple has agreed to pay up 318 million euros in Italy to settle a probe into alleged tax fraud, a spokesman for the tax office said Tuesday.

The company's Italian subsidiary has been under investigation for allegedly failing to declare more than one billion euros ($1.3 billion) to the tax man.

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