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Italy is Investigating Apple for Alleged Tax Fraud

Italy is Investigating Apple for Alleged Tax Fraud

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Italy is reportedly investigating Apple for allegedly hiding more than $1.34 billion in revenue from being taxed, according to Reuters.

The maker of the iPhone is the latest prominent corporation to become the target of a tax probe in Italy amid a global crackdown on tax cheating by multinationals. In Italy, where tax authorities have become more aggressive in their dealings with global companies, fashion designers Domenico Dolce and Stefano Gabbana were handed in June a 20-month suspended prison sentence and a heavy fine for hiding hundreds of millions of euros in unpaid taxes. Both deny any wrongdoing.

"The Apple investigation is under way," the judicial source said on Wednesday, without giving details.

Apple has yet to comment on the matter.

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Italy is Investigating Apple for Alleged Tax Fraud

trollhunter - November 14, 2013 at 2:14am
what a bunch of morons the tax probe and judges in italy are. Dolce and Gabbana get caught with there hand in the cookie jar and are handed a 20-month suspended prison sentence....shit if that was one of us they would throw us in jail !!!
Fukran John - November 13, 2013 at 6:48pm
What's so special in it ? These guys are doing the same in almost all the countries. In some places they get caught and some places they get away with it. Once they get caught, they just pay and escape and of they don't get, they make money out of it. End of the day they gain from it and this is why corporates like this one is becoming rich.
Nitro Junkie - November 14, 2013 at 7:58am
Half the time they do it just for a payoff. Just like when patent trolls take companies to court. It's always about the almighty dollar!!!