Apple agrees to pay £234m to settle Italian tax dispute

Corporation tax deal follows Apple Italia's alleged failure to declare earnings in Italy but settlement is thought to be one-third of the estimated 650m bill

Apple has agreed to pay a318m (234m) to settle a tax dispute with Italian authorities after the iPhone and iPad maker was investigated for suspected fraud.

The US technology giant's Italian subsidiary and several of its senior executives had been under investigation for fraud over its alleged failure to comply with obligations to declare its earnings in Italy between 2008 and 2013.