Italy judge agrees tax probe settlement with head of Apple's Irish unit: source

3D printed Apple logo is seen in front of a displayed Irish flag in this illustration taken September 2, 2016. REUTERS/Dado Ruvic/Illustration/File Photo

MILAN: A Milan judge has accepted a settlement agreement with the head of Apple's Irish-based unit Apple Sales International as part of a probe into allegations the US tech giant failed to pay corporate taxes in Italy to the tune of €879mil (RM4.01bil), a judicial source said. 

Under the settlement agreement, a six-month jail sentence for the executive has been converted into the payment of a €45,000 (RM205,490) fine, the source said.