1984!
Iconic Apple advertisement
Blog Banners header

DHTS BlogIT®

From the latest technological advancements to the coolest gadgets, at DHTS we love exploring the various aspects of the IT world. We're also interested in science and smart design too! We want to create a place where we can share and discuss the latest advancements, innovations and curiosities in the world of technology.

DHTS brings together the reach of global with the depth of local, providing fascinating coverage and analysis of trends, history, technologies and opportunities that matter to the IT professional to us all. There's a little bit of IT geek in all of us. Whether you are a novice, who just enjoys cool gadgets, or a seasoned professional seeking to research technology-related issues we provide our readers with a broad spectrum of conversations relating to the world of technology. We live in a climate where everything around us has been (or will be) influenced by advancing technological elements, and it’s our intent to reveal the stories that are shaping the world around us.

We like to be in the know and think you should be too! We also love hearing from you, so be sure to leave your comments. Let's get the conversation started!

Apple to pay €318 million tax settlement

Following a probe into suspected tax fraud by the company in Italy, Apple has agreed to pay a massive €318 million ($348 million). According to the Italian newspaper La Repubblica, the iPhone maker has been under investigation for allegedly failing to declare income in Italy between 2008 and 2013. La Repubblica reports that Apple’s Italian subsidiary, Apple Italia, should have paid approximately €880 million during that period but only paid €30 million.

The investigation seeks to prove that Apple avoids paying their taxes in Italy by booking sales through Ireland, home to their European headquarters. Coincidently, Ireland has one of the lowest corporation tax rates in Europe, only 12.5% compared to Italy’s 27.5%.

Apple has not commented on their recent payment agreement to Italy’s tax agency. In a recent interview with 60 Minutes Charlie Rose, Apple CEO Tim Cooked referred to claims that the company was avoiding paying tax in the US on earnings overseas as “total political crap.” “There’s no truth behind it,” Cook told Rose. “Apple pays every tax dollar we owe.” However, Apple’s recent agreement to pay €318 million in back Italian taxes suggests otherwise. Something tells me this is only the tip of the iceberg for Apple. We will be sure to keep you posted as this story continues to develop. 

 

Rate this blog entry:

Comments

 
No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, 22 November 2017
If you'd like to register, please fill in the username, password and name fields.

Captcha Image