An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
Apple Said to Be Under Probe in Italy $1.35 Billion Tax Case
Apple, the world’s most valuable technology company, is under investigation in Italy for allegedly evading more than 1 billion euros ($1.35 billion) in taxes, two people familiar with the case said.
The Cupertino, Calif.,-based company, which was fined about 1 million euros in 2011 and 2012 by Italy’s competition regulator in a warranty case, may have used foreign companies to avoid paying taxes in Italy, said one of the people, who asked not to be named because the probe is continuing.
“Apple pays every dollar and euro it owes in taxes and we are continuously audited by governments around the world,” Apple said in an emailed statement. “The Italian tax authorities already audited Apple Italy in 2007, 2008 and 2009 and confirmed that we were in full compliance with the OECD documentation and transparency requirements. We are confident the current review will reach the same conclusion.” Read more...
More about Taxes, Apple, Italy, Apple News, and Tax EvasionOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/xKExm2rHFNo/
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable