Source: Italian prosecutors wrap up Apple tax probe

An Italian tax probe alleging Apple failed to pay 879 million euros ($964 million) in corporate taxes has wrapped up, Reuters reports. Under Italian law, finalizing the probe lets prosecutors ask a judge to hear the case at trial. Prosecutors claim Apple dodged its full tax bill from 2008-2013 by having its profits in Italy booked by Irish subsidiary Apple Sales International, reducing its taxable income base. Apple has denied any wrongdoing, citing Italian audits of Apple in 2007, 2008 and 2009 that found the company in full compliance. The investigation, which began in late 2013, initially claimed Apple “hid” more than 1 billion euros from Italian authorities.

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