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Italy Investigates Apple's Hidden Billion

2013-11-14 18:32:08| TechNewsWorld

Italian authorities are investigating Apple for allegedly hiding 1 billion euros -- about $1.34 billion -- from the taxman. Prosecutors in Milan claim that Apple didn't declare more than $250 million in 2010 and more than $1 billion in 2011. Apple's Italian subsidiary booked some profits with an Irish subsidiary, thereby lowering its taxable income in Italy, according to Italian sources.

Tags: italy hidden billion apples

 

ITALY: Tod's 9-month EBIT flat on static sales

2013-11-14 14:57:00| Daily apparel & textile news and comment - from just-style.com

Luxury goods group Tod's posted flat sales and earnings for the first nine months of the year, with strong foreign sales cancelling out notable declines in the Italian market.

Tags: sales italy flat static

 
 

ITALY: Gruppo Campari YTD shows signs of recovery with Q3 boost

2013-11-14 14:38:00| Daily beverage news and comment - from just-drinks.com

Gruppo Campari has slowed the fall in profits in its year-to-date, helped by a strong Q3, and expects its final quarter performance to "stabilise" the business.

Tags: shows italy recovery signs

 

Galactic Opens a New Subsidiary in Italy

2013-11-14 06:00:00| Coatings World Breaking News

Tags: italy opens subsidiary galactic

 

ITALY: Brunello Cucinelli Q3 profit rises on higher sales

2013-11-13 17:15:00| Daily apparel & textile news and comment - from just-style.com

Italian luxury goods company Brunello Cucinelli SpA has reported surging third-quarter profit on the back of higher demand from international markets.

Tags: sales higher italy profit

 

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