Apple for the day

The BBC has an article about Apple's tax problem in Italy:

Apple's Italian subsidiary has agreed to pay €318 million following an investigation into tax fraud allegations. Italy's tax authorities said the company failed to pay €880 million in tax between 2008 and 2013, according to La Repubblica. The settlement follows an investigation by prosecutors in Milan.
A spokesman for the tax agency confirmed the newspaper's report was accurate but would not divulge further details.
Apple has not commented on the deal. It has previously denied attempting to escape paying tax owed on profits made around the world.
Apple Italia is part of the company's European operation, which is headquartered in Ireland, a country with one of the lowest levels of corporation tax in the EU. Ireland taxes corporate earnings from normal business activities at a rate of 12.5%, compared with 27.5% in Italy.
Investigators in Italy say they found a huge gap between the company's revenues in Italy of over €1bn between 2008 and 2013 and the €30m that was paid in tax in the country.
The settlement comes amid a European Commission investigation into the tax arrangements of numerous multinational companies accused of using cross-border structures to reduce their tax bills, sometimes with the help of secret and potentially illegal "sweetheart" deals.
The issue of Apple's Irish arrangements is separate from, but related to, the broader one of multinational companies "parking" revenues and profits in low-tax countries.
Apple's activities in the Republic of Ireland are currently subject to that investigation, which is due to announce soon whether tax breaks designed to secure the company's extensive investment in Ireland amounted to illegal state aid.
Apple's European operations have been headquartered in Cork, Ireland since 1980.
The company is expanding its workforce there to six thosuand, and it has been joined in Ireland by other US tech firms including Twitter, Microsoft, and Google.
The company's chief executive, Tim Cook, has rejected accusations that the firm has been sidestepping US taxes by stashing cash overseas, insisting: "We pay every tax dollar we owe."
Cook said, on a visit in November of 2015, he was confident the Dublin government and Apple would be found to have done nothing wrong.

Rico says no, they did nothing wrong, unless you want their tax dollars...