Apple settles a $347M fine with Italian authorities for tax evasion

jaromil writes: Apple Italy, a subsidiary of Apple Sales International based in Ireland, has managed for years the company's sales on the Italian Peninsula. As Italian tax authorities noticed the company did not file any income tax declarations between 2008 and 2013, they opened a court case for an estimated debt of €880M. Apple Italy has now settled for a fine of €318M, while three managers involved in the tax fraud still need to face court.