“Italian prosecutors have wrapped up an investigation into allegations U.S. tech giant Apple failed to pay corporate taxes to the tune of 879 million euros ($964 million), two sources said on Monday,” Emilio Parodi reports for Reuters.
“Under Italian law, the move now opens the way for the prosecutors to ask a judge for the case to be brought to trial,” Parodi reports. “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,” Parodi reports. “‘These new allegations against our employees are completely without merit and we’re confident this process will reach the same conclusion,’ it said.”
Read more in the full article here.
MacDailyNews Take: Apple did not fail to pay any corporate taxes.
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They’re going to make Apple an offer they can’t refuse.
Italy, where scientists are imprisoned for not predicting the strength of earthquakes.
Italy, where Fiat is owned by the Dutch.
Italy, where nothing has happened since Rome meant Constantinople.
Italy, where the trains don’t run on time.
What’s the trend here? Apple not paying taxes or tax authorities auditing Apple? . . . Yeah.
– There is such a thing is wasting government money looking for trouble.
– And there’s also such a thing as an open hand waiting for bribery from companies in order to stop tax obsessive auditing. I have to wonder if that’s involved as well. 😛