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Apple under investigation in Italy for tax fraud

Nov. 13, 2013 at 12:59 PM   |   Comments

MILAN, Italy, Nov. 13 (UPI) -- U.S. technology giant Apple is under investigation in Italy for tax fraud, Italian news service ANSA reported Wednesday.

The company is suspected of underestimating its taxes by $1.34 billion, ANSA said.

The case involves Apple's Italian taxes for 2012 and 2011.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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