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Italian Authorities Conclude Apple Tax Investigation

Italian Authorities Conclude Apple Tax Investigation

Reuters reports Italian regulators have concluded their investigation into allegations that Apple failed to pay €879 million ($964 million) in corporate taxes.

Italian Authorities Conclude Apple Tax Investigation


The report states that, under Italian law, prosecutors can now ask a judge to bring the case to trial. Apple claims that it has paid all necessary taxes in countries that it operates and is confident that the process will be resolved.

The investigation looked into accusations that Apple took profits generated in Italy, and booked them through their Irish subsidiary in an effort to lower its taxable income, saving nearly €900 million from 2008 through 2013. Apple argues that the charges are without merit.

It said the Italian tax authorities had audited Apple’s Italian operations in 2007, 2008 and 2009 and confirmed it was in full compliance with the OECD documentation and transparency requirements.

“These new allegations against our employees are completely without merit and we’re confident this process will reach the same conclusion,” it said.

Apple, as well as other multinational tech firms such as Google and Amazon have been the subject of tax investigations in both Europe and the United States. Apple executives appeared at a U.S. Senate hearing in May of 2013, while the European Union accused the company of receiving illegal state aid from Ireland in September of 2014.

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