Italy Investigates Apple For Alleged Tax Fraud

Posted by samzenpus on Wednesday November 13, 2013 @10:33PM from the pay-the-man dept.

Frankie70 writes in with some more bad news for Apple in Europe. "U.S. tech giant Apple is under investigation in Italy for allegedly hiding 1 billion euros ($1.34 billion) from the local tax authority, two judicial sources with direct knowledge of the matter told Reuters. Milan prosecutors say Apple failed to declare to Italian tax authorities 206 million euros in 2010 and 853 million euros in 2011, one of the sources said, confirming a report by Italian magazine L'Espresso. The Italian subsidiary of Apple booked some of its profit through Irish-based subsidiary Apple Sales International (ASI), thus lowering its taxable income in Italy, the source said."

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Re:Isn't apple a church by gl4ss · 2013-11-13 23:28 · Score: 1, Funny

dunno if claiming as a church would go down in italy.
vatican has monopoly on that.

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world was created 5 seconds before this post as it is.
Re:italians by Rougement · 2013-11-14 01:57 · Score: 3, Funny

The Italians wrote the book on tax evasion. Then they failed to declare income arising from the book sales.