Italy investigates Apple for alleged 1bil euros tax fraud: sources

MORE LEGAL WOES: US tech giant Apple is under investigation in Italy for allegedly hiding 1bil euros (RM4.33bil) from the local tax authority, two judicial sources with direct knowledge of the matter said. — Reuters

MILAN: US tech giant Apple is under investigation in Italy for allegedly hiding 1bil euros (RM4.33bil) from the local tax authority, two judicial sources with direct knowledge of the matter told Reuters. 

Milan prosecutors say Apple failed to declare to Italian tax authorities 206mil euros (RM892.25mil) in 2010 and 853mil euros (RM3.66bil) in 2011, one of the sources said, confirming a report by Italian magazine L'Espresso.