Italian authorities are investigating Apple for alleged tax fraud, reports Reuters. The government believes Apple may have hidden more than $1.3 billion from the Italian Tax Authority.
Reuters, via MacRumors:
The maker of the iPhone is the latest prominent corporation to become the target of a tax probe in Italy amid a global crackdown on tax cheating by multinationals.
In Italy, where tax authorities have become more aggressive in their dealings with global companies, fashion designers Domenico Dolce and Stefano Gabbana were handed in June a 20-month suspended prison sentence and a heavy fine for hiding hundreds of millions of euros in unpaid taxes. Both deny any wrongdoing.
Apple currently operates fourteen Apple Retail Store locations in Italy.
