Ron Burgundy Posted December 30, 2015 Share Posted December 30, 2015 By Emilio Parodi and Agnieszka Flak MILAN (Reuters) - Apple Inc will pay Italy's tax office 318 million euros ($348 million) to settle a dispute over allegations it failed to pay taxes for six years, a source with direct knowledge of the matter said on Wednesday. The deal comes as the European Union and national governments take a tougher stand against profit-shielding arrangements used by multinational companies. Italian prosecutors have been investigating allegations that Apple failed to pay corporate taxes to the tune of 879 million euros in 2008-2013 by reducing its taxable income when it booked profits generated in Italy through its Irish subsidiary, sources told Reuters earlier this year. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.