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Senior Apple exec could have been jailed over alleged Italian tax evasion; escaped with fine
The European Union isn't the only one to consider Apple's Irish tax arrangements illegal – Reuters reports that a senior Apple exec came close to being jailed for alleged tax evasion in Italy.Back in 2013, the Italian government accused the company of failing to declare sales revenue from sales in Italy, instead funnelling it to Ireland. The Italian tax authorities said that undeclared sales from 16 Apple Stores in the country totalled more than $1.3B, and sent Apple a tax bill for $347M.Apple paid up, but that wasn't the end of it …The Italian authorities continued with a criminal investigation against the head of Apple's Irish-based unit Apple Sales International. The exec could have gone to jail for six months. Instead, a deal has been struck whereby the jail time is converted into a fine.
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