Home › Italy Investigates Apple's Hidden Billion
 

Keywords :   


Italy Investigates Apple's Hidden Billion

2013-11-14 18:32:08| TechNewsWorld

Italian authorities are investigating Apple for allegedly hiding 1 billion euros -- about $1.34 billion -- from the taxman. Prosecutors in Milan claim that Apple didn't declare more than $250 million in 2010 and more than $1 billion in 2011. Apple's Italian subsidiary booked some profits with an Irish subsidiary, thereby lowering its taxable income in Italy, according to Italian sources.

Tags: italy hidden billion apples

Category:Information Technology

Latest from this category

All news
»
29.06Tropical Storm Beryl Graphics
29.06Tropical Storm Beryl Forecast Discussion Number 3
29.06Tropical Storm Beryl Public Advisory Number 3
29.06Summary for Tropical Storm Beryl (AT2/AL022024)
29.06Tropical Storm Beryl Wind Speed Probabilities Number 3
29.06Tropical Storm Beryl Forecast Advisory Number 3
29.06Eastern North Pacific Tropical Weather Outlook
29.06Atlantic Tropical Weather Outlook
More »