Image of CFO Oppenheimer and CEO Cook

Image of CFO Oppenheimer and CEO Cook

According to a report from Reuters, Apple is apparently under investigation in Italy related to unpaid taxes on more than $1.34 billion. The report quotes a “a judicial source with direct knowledge of the matter” and noted that the investigation is currently underway with authorities in Milan.

Milan prosecutors say Apple failed to declare to Italian tax authorities 206 million euros in 2010 and 853 million euros in 2011, one of the sources said, confirming a report by Italian magazine L’Espresso.

“The Apple investigation is under way,” the judicial source said on Wednesday, without giving details.

Reuters notes that Italian authorities in June handed down prison sentences and hundreds of million in fines for unpaid taxes to fashion designers Domenico Dolce and Stefano Gabbana.

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The news follows testimonies from Apple executives on the company’s tax practices at U.S. Senate hearing earlier this year (pictured above) and a four-month long investigation into Apple’s tax affairs by the SEC. It’s also recently run into accusations of tax avoidance in France for unpaid copie privée royalties on iPad sales.

Last year Apple was fined over $1 million by Italian authorities for misleading consumers with its warranty policies.

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