Apple, reached agreement with the IRS: Cupertino will pay 318 million euro – The Messenger

Apple Italy must pay 318 million euro to the Revenue, in the proceedings with a central alleged tax evasion by a failure to pay statutory tax for a total of about 879 million euro in five years, from 2008 to 2013 . The information technology giant, as reported by the newspaper “La Repubblica”, has in fact reached an agreement with the tax authorities to remedy the tax dispute. Agreement which was confirmed by the Milan prosecutor’s office, which coordinates the investigation against three managers of Apple: the legal representative and chief executive of Apple Italy, Enzo Biagini, the financial director Mauro Cardaio and the manager of the Irish Apple Sales International, Michael Thomas O’Sullivan.

The alleged offense by the prosecutor Francesco Greek and by prosecutor Adriano Squires is omitted declaration under Article 5 of Legislative Decree 74/2000. According to sources of the Prosecutor, it would be a “major achievement”, as it would be the first time in the world that, in similar cases, the Cupertino giant resolve a tax dispute in one of the countries where we operate by paying a maxi-compensation to ‘ tax authorities.

According to sources of the Prosecutor, the agreement could then be a “model for export” in other European countries, also with a view to approval of the rules on the tax treatment in cases of alleged ‘esterovestizionè. Despite the tax dispute is resolved, it remains standing criminal proceedings. The agreement eases, the positions of the three managers. In March, the Greek prosecutor and the prosecutor Squires had closed the investigation against them in view of a possible request for indictment.

According to what emerged from the investigation, conducted by men of direction Lombardy regional of the Customs and Revenue Agency, the profits made by the Italian multinational, in a pattern that would be followed by other giants of hi-tech and the Internet, such as Google (again in Milan is an inquiry), they were recorded by the company based in Ireland, a country where the tax burden is more favorable. The file had been opened two years ago and had also led to a search of the Milan headquarters of Apple and the seizure of computer equipment and telephone.

The agreement also provides for an “international ruling “to determine the amount of tax payable in Italy and Ireland. This is what is learned from sources of the Prosecutor. The ruling handed down, which will be defined in the future and should be valid for the next five years, aims to “harmonize the position of companies operating in multiple states.”