Sunday, January 15, 2017

Italy decide is of the same opinion tax probe agreement with head of Apple's Irish unit



MILAN A Milan choose has popular a settlement agreement with the head of Apple's Irish-based totally unit Apple sales worldwide as a part of a probe into allegations the U.S. tech massive did not pay corporate taxes in Italy to the music of 879 million euros ($959.forty three million), a judicial supply stated.
below the agreement agreement, a six-month prison sentence for the government has been converted into the payment of a forty five,000 euro ($forty nine,126) excellent, the supply said.
under Italian law, a settlement settlement does now not imply an act of contrition.
Milan prosecutors investigating the allegations have asked for the case towards  managers from the Italian subsidiary of Apple to be dropped, the supply stated.

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