Wednesday September 23, 2020

Apple used Irish company in unpaid Italian tax case

Tech giant reportedly paying €318 million to tax authority

Barry J Whyte

Chief Feature Writer

30th December, 2015
Tim Cook says: "We pay every tax dollar we owe." Pic:

Technology giant Apple has agreed to repay taxes to the Italian state that had gone unpaid after it booked €879 million in profits through an Irish registered company.

Italian newspaper La Repubblica is reporting that the American multinational has had to pay €318 million.

According to report, Apple used an Irish subsidiary, Apple Sales International, which allowed it to utilise Ireland's 12.5 per cent tax rate.

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