Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 15 November 2013 12:15

Apple investigated for tax fraud

Written by Nick Farrell

Stealing cash from the Italians

Fruity cargo cult Apple could face charges of fiddling its Italian tax bill and hidding more than a billion euros. Milan prosecutors, fresh from actually getting a conviction on Silvio Berlusconi for tax fraud are now going after another big name target.

They seem to think that Jobs’ Mob failed to declare to Italian tax authorities 206 million euros in 2010 and 853 million euros in 2011. A report by Italian magazine L'Espresso said that the Italian subsidiary of Apple booked some of its profit through Irish-based subsidiary Apple Sales International, thus lowering its taxable income in Italy.

Apple insists that it has done no wrong and pays every dollar and euro it owes in taxes. In a statement the company said that the Italian tax authorities already audited Apple Italy in 2007, 2008 and 2009 and confirmed that Apple was in full compliance with the OECD documentation and transparency requirements.

In crisis-hit Italy, tax authorities faced with dwindling revenues have become more aggressive with domestic and multinational companies.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments