Apple (AAPL) 'Confident' Italy Unit Will Be Cleared in Tax Probe
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Price: $316.11 +0.25%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
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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.
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