Apple investigated for $1.34B in unpaid Italian taxes | iLounge News

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Apple investigated for $1.34B in unpaid Italian taxes

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By Phil Dzikiy

News Editor, iLounge
Published: Wednesday, November 13, 2013
News Categories: Apple

Apple is under investigation in Italy for allegedly “hiding” more than 1 billion Euros ($1.34 billion) from Italian tax authorities, Reuters reports. “The Apple investigation is under way,” a judicial source said. Apple’s Italian subsidiary was not available for comment. The company has already faced increased scrutiny into its tax practices this year, and tax authorities in Italy have been stepping up investigations into multinational corporations.

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