Apple (AAPL) 'Confident' Italy Unit Will Be Cleared in Tax Probe
Tweet
Share
E-mailGet Alerts AAPL Hot Sheet
Price: $333.57 +0.98%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
Join SI Premium – FREE
Apple, Inc. (NASDAQ: AAPL) says it is confident Italian tax review will show it is in compliance, according to Bloomberg headlines. The company said it pays every dollar, euro that it owes in taxes.
Apple noted that its Italian unit was audited in 2007, 2008, and 2009, and that the company as a whole is continuously audited by governments worldwide.
Headlines come following earlier reports that Apple's Italy unit was being probed potentially evading over €1 billion in taxes.
Shares of Apple are modestly lower Wednesday afternoon.
Apple noted that its Italian unit was audited in 2007, 2008, and 2009, and that the company as a whole is continuously audited by governments worldwide.
Headlines come following earlier reports that Apple's Italy unit was being probed potentially evading over €1 billion in taxes.
Shares of Apple are modestly lower Wednesday afternoon.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi maintains Buy rating on Apple amid iPhone 18 delivery data
- Nektar wins $90M verdict against Eli Lilly in contract dispute
- Apple plans to launch new smart-home hub on Oct 13, Bloomberg News reports
Create E-mail Alert Related Categories
Insiders' Blog, LitigationSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
