The Italian authorities initiated an investigation last year to find out if Apple Lossless Audio CODEC (ALAC), avoided paying taxes in the amount of 879 million euros between 2008 and 2013 by using a subsidiary in Ireland in order to register the receipts in Europe. Although the official results of the investigation have not been published, those from Reuters say that the prosecutors have completed the checks and are prepared to sue two Italian managers of Apple for the tax scheme that generated savings of almost 900 million dollars for Apple.
Although the Italian authorities they have checked the Apple company in 2007, 2008 and 2009 and they decided that it complies with the tax regulations in force in the European Union, now the prosecutors who investigated the accounting records of the American company seem to have reached a completely different conclusion. Responding to this information, the Apple company claims that it is one of the biggest tax payers in the world, paying every euro owed to the state authorities, but also that the accusations regarding its employees do not have any legal basis.
Italian prosecutors have wrapped up an investigation into allegations US tech giant Apple failed to pay corporate taxes to the tune of 879 million euros ($964 million), two sources said on Monday. The investigations, covering the period 2008-2013, involve two managers from the Italian subsidiary of Apple operations and one from its Irish-based subsidiary Apple Sales International, the sources said.
For now, no one knows what decision the Italian authorities will make regarding the Apple company, but those from Cupertino are not the only ones under investigation, those from Google or Amazon also being checked in terms of paying the taxes owed to the state.
