ROME (Sputnik) — According to the investigation, from 2008 to 2013, the Italian branch of Apple reportedly provided incorrect information about its real income from sales in the country, and thus underpaid taxes in the amount of 880 million euros ($962 million).
According to La Repubblica newspaper, the tax avoidance scheme adopted by the iPhone and iPad manufacturer enabled it to avoid paying taxes by registering its Italian subsidiary, Apple Italia, as a consultant to the Ireland-register Apple Sales International, which was allegedly responsible for selling the popular phones, tablets and computers. The taxes were paid by the company in Ireland where corporate tax is considerably lower.
The investigation took several months to complete.
