<ul><li>The city of Cupertino has settled a sales tax dispute with Apple by paying $12.1 million to the company.</li><li>The settlement arises from a 1998 agreement where Cupertino received a 1% share of California's sales tax from Apple.</li><li>A 2023 audit ruled that sales tax should be distributed based on purchase delivery locations, not Apple's headquarters.</li><li>The settlement may set a precedent for digital tax policies and how tech giants report online sales.</li></ul>

The city of Cupertino settles with Apple, pays $12.1 million to end sales tax dispute

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