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Apple To Pay Italy Millions In Back Taxes

Following an investigation, Apple has reportedly agreed to pay up to $350 million in back taxes to the Italian government. “The investigation, which dates to 2013, examined whether Apple had moved roughly $1.1 billion in revenues from its Italian operations through an Irish subsidiary to lower the taxes that the company was obliged to pay in Italy,” The New York Times reports.

 

Read the whole story at The New York Times »

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