We’re still waiting for an official decision from European Commission regulators about Apple’s alleged tax avoidance through its Irish subsidiary, but in the meantime the company has agreed to pay €318 million ($347 million) to settle a tax investigation in Italy.
Investigation into Apple’s Irish tax practices delayed to 2016
Having previously said that a verdict on Apple’s Irish tax arrangements would be announced by Christmas, a new report reveals that an announcement won’t be made until February next year after all.
The reason for the delay is additional supplementary questions sent by E.C. investigators, concerning whether or not Apple potentially underpaid on billions of euros of tax in a so-called “sweetheart” deal. The additional questions may relate to a new line of inquiry in the long-running investigation.