Apple’s agreement with Revenue Agency: the Italian tax authorities 318 million euro – BBC

close game

Milan , December 30, 2015 – 08:06

     
     
 

Apple will return 318 million euro to the Italian tax authorities: closes an agreement with the ‘open investigation by the Inland Revenue, coordinated by the Milan prosecutor Francesco Greek, which found the huge gap between the actual sales in Italy (over one billion euro in the seven years between 2008 and 2013) and the house of Cupertino its apparent revenue, about 30 million Euros. The agreement, revealed by Republic , comes after a complaint by the Inland Revenue at Apple’s 880 million euro for IRES dealt with in the years between 2008 and 2013.

The double track

The mechanism was simple, and is the same used by Apple in other states: apparently in Italy to operate was the Apple Italy srl, a front company , a simple consultant Irish Apples sales international, replaced in 2012 by Apple international distribution. On paper, Italy Apple would have to play only advisory, and in fact were recognized revenues of the costs structure, and nothing more. In seven years, we speak of just 30 million euro compared to one billion profits, which ended up in Ireland, where Apple was paying very low rates, thanks to agreements very advantageous tight with the local government. But the reality was very different: sellers in Italy had full management autonomy. They could follow the entire sales cycle, bargain prices and discounts for clients, negotiating economic and contractual conditions. A kind of structure ‘hidden’ that concluded contracts for the Apple and Irish depended economically.

Cook: “We pay more taxes than anyone else”

The investigation of the Revenue pointed precisely to show that the sales were made and managed from Italy, and that the Irish company was just a terminal for payments, just as with many other countries. Where

Il CEO of Apple, Tim Cook (Reuters)

systematically Apple creates companies that do not have tax residence and who are merging the sales in Ireland, thus evading the strictest local taxation. A mechanism that was abnormal also finished in the crosshairs of the European Commission. Also criticized the United States for evading taxes of $ 9 billion in the US in 2012 with billions of cash parked offshore, Tim Cook just days ago defended the Cupertino company: “We are the company that pays the most in this country than anyone else, “stressed Cook, criticizing the US tax authorities as obsolete:” It ‘was created for the industrial age, not digital. And this is bad for America. Had to be revised several years ago, “said Cook, pointing out that the criticism about 180 billion dollars abroad Apple are just” political “. “I’d like rimpatriarli- said COOK- but with the current taxation makes no sense. It would cost 40% in taxes repatriate. It is not a sensible thing to do. ”

December 30, 2015 (modified December 30, 2015 | 08:06)

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