A settlement has been reached in Apple's tax dispute with Italy and it includes Apple paying $348 million. Details of the agreement were not immediately provided by the country's tax office, but La Repubblica (Italy) reported the settlement amount. Apple agreed to pay exactly what the tax office had been requesting, according to reports.

In response to allegations of tax avoidance, Italian prosecutors had investigated Apple's tax situation. There were claims that Apple had failed to pay around $964 million in corporate taxes, but the tax office didn't end up requesting that amount.