Apple, closed the investigation for an alleged evasion of 879 million … – The Republic

MILAN – On the day that Apple has received its first evaluation from a zillion dollars, the Milan prosecutors closed the investigation against three managers of the Cupertino giant for alleged tax evasion. The hypothesis has not been paid IRES for a total of about 879 million euro in 5 years. The notice of termination is about to serve. In the investigation coordinated by the Milan prosecutor Francesco Greek and Adriano pm Squires and Carlo Nocerino, are investigated for failure to report (Art. 5 of Legislative Decree 74/2000) the legal representative and the CEO of Apple and Italian Enzo Biagini the finance director Mauro Cardaio, as well as the manager of the Irish Apple Sales International, Michael Thomas O’Sullivan. According to the hypothesis of the investigators, the profits made in Italy by the multinational would be accounted for by the company which is based in Ireland, a country where the tax burden is lower.

Just today, the US company has a rating from one thousand billion dollars. Analysts at Cantor Fitzgerald raised to 180 dollars a price target of a producer del’iphone, so that gets to be worth 1.05 trillion dollars. Cantor Fitzgerald becomes the broker more optimistic about Apple, in front of First Shanghai Securities (which sees the title to $ 165) and Piper Jaffray and Evercore ($ 160). To explain such an approach to ‘bear’ of Apple are the advances in China, where sales jumped 70% last quarter. Today the stock market the title worth $ 127.35 for an overall assessment of around 740 billion dollars.

“Apple – says a spokesman for the Cupertino giant – is one of the greatest contributors to the world and we pay each euro of taxes owed wherever we operate. The Italian tax authorities have subjected to tax audits the Italian operations of Apple in 2007, 2008 and 2009 and confirmed that we were in full compliance with the requirements for documentation and transparency OECD. These new charges against Our employees are completely baseless and we are confident that this process will come to the same conclusion. “

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