Italy prosecutors wrap up tax probe into Apple: sources

Reuters ^ | Mon Mar 23, 2015 8:06pm EDT

[Swordmaker]

(Reuters) - Italian prosecutors have wrapped up an investigation into allegations U.S. tech giant Apple (AAPL.O) failed to pay corporate taxes to the tune of 879 million euros ($964 million), two sources said on Monday.

Under Italian law, the move now opens the way for the prosecutors to ask a judge for the case to be brought to trial.

The investigations, covering the period 2008-2013, involve two managers from the Italian subsidiary of Apple operations and one from its Irish-based subsidiary Apple Sales International, the sources said.

The probe claims that by having profits generated in Italy booked by the Irish subsidiary, Apple reduced its taxable income base and saved just under 900 million euros in the period, the sources said.

In a comment emailed to Reuters, Apple said it was one of the largest tax payers in the world and paid every euro of tax it owed wherever it did business.

It said the Italian tax authorities had audited Apple’s Italian operations in 2007, 2008 and 2009 and confirmed it was in full compliance with the OECD documentation and transparency requirements.

[Loud Mime]

the march toward Fascism continues...

[freedumb2003]

The EU is a bunch of thugs.

They go against every USA company while illegally subsidizing the EU companies that can’t compete.

I am in Apple’s corner here — I hope they don’t give in to the Eurothugs.

Or completely withdraw from that market, which would be a sight to see. I think Microsoft threatened that once.

[Swordmaker]

The Italian authorities have wrapped up their probe into Apple's tax practices. . . and found they are in compliance with the EU's Organization for Economic Cooperation and Development which established the rules of taxation between member countries. Italy was upset that the EU's taxation rules does not allow them to tax Apple unitarily in contravention of the EU laws — PING!

Apple Euro Taxation Ping!

If you want on or off the Mac Ping List, Freepmail me.

[House Atreides]

It’s unfortunate but Apple may receive as much true justice from the Italian courts as Amanda Know did...none.

[House Atreides]

That’s Amanda Knox... I hate auto correct.