HardOCP News
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What happened to all that "we pay every tax we are supposed to" bullcrap Tim Cook has been spewing for months? Now all the sudden they are taking a deal for a six month jail sentence for one of the managers (that is NOT an admission of guilt) that has conveniently been converted to a cash fine.
A Milan judge has accepted a settlement agreement with the head of Apple's Irish-based unit Apple Sales International as part of a probe into allegations the U.S. tech giant failed to pay corporate taxes in Italy to the tune of 879 million euros ($959.43 million), a judicial source said. Under the settlement agreement, a six-month jail sentence for the executive has been converted into the payment of a 45,000 euro ($49,126) fine, the source said. Under Italian law, a settlement agreement does not imply an admission of guilt.
A Milan judge has accepted a settlement agreement with the head of Apple's Irish-based unit Apple Sales International as part of a probe into allegations the U.S. tech giant failed to pay corporate taxes in Italy to the tune of 879 million euros ($959.43 million), a judicial source said. Under the settlement agreement, a six-month jail sentence for the executive has been converted into the payment of a 45,000 euro ($49,126) fine, the source said. Under Italian law, a settlement agreement does not imply an admission of guilt.