Lunedì, 15 Ottobre 2018

Apple taxes in Italy only three million euros


Milan, August 14 - Despite earning $41.7 million US
in its global operations in 2012, Apple said Wednesday that it
lost money in Italy.
And as a result, the global giant's two subsidiaries in
Italy paid just three million euros in taxes in Italy last year.
Apple's retail stores in Italy reported a pre-tax profit of
11.5 million euros on sales that almost doubled last year to 250
million euros from 127 million euros in 2011.
But costs involved in expanding its Apple retail outlets
helped it to write down its taxes.

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