Apple is accused of hiding more than 1 billion euros ($1.34 billion) from Italy's taxman, which may lead to civil or even criminal sanctions against the technology giant.
First reported by Italian media, and confirmed to Reuters citing a judicial source with knowledge of the situation, an investigation into the company's tax affairs is "under way."
No details were given by the source, however.
Italy's tax laws are known to be aggressive, particularly in recent months and years, following a series of multinational corporations accused of avoiding or evading paying tax in the country. … Read more