Apple investigated for $1.34B in unpaid Italian taxes

Updated

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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Phil Dzikiy

Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.