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Apple's Italian operation has agreed a €318 million (£235m, $348m) settlement over allegations of tax fraud.

The Italian tax authorities claimed that Apple failed to pay €880m worth of tax between 2008 and 2013. Despite not commenting on this specific case, the tech giant was previously denied tax avoidance around the world after facing accusations in several countries.

Apple Italia is part of the European division which is headquartered in Ireland, which has one of the lowest rates of corporation tax in Europe.

Tax investigators said Apple Italia paid just €30m in tax in Italy during the five year period, despite recording revenues of more than €1 billion.

Apple is one of several huge multinational companies, including Google, Microsoft and Twitter to have a base in Ireland. The European Commission is currently investigating the tax arrangements of such firms to see if they are reducing their tax bills illegally.