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Apple to pay Italy $348 million after tax fraud probe

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Apple has agreed to pay Italy 318 million euros ($348 million) to settle a tax dispute after the US tech giant was investigated for suspected fraud, the country's tax agency said Tuesday. 
 
The company's Italian subsidiary and several of its senior executives had been under investigation for fraud over its alleged failure to comply with obligations to declare its earnings in Italy between 2008 and 2013. 
 
According to Italian daily La Repubblica, Apple Italia should have paid corporation tax of 880 million euros for the period. 
 
But, after months of negotiations, the tax authorities agreed to close the case in return for a cheque for 318 million. 
 
The tax office spokesman confirmed the newspaper's report was accurate but would not divulge further details. 
 
Apple Italia did not respond immediately to a request for comment on a case which could set a precedent for other European countries' dealings with the company. 
 
The settlement comes against a backdrop of mounting controversy over the tax arrangements of multinational groups who use cross-border corporate structures to reduce their tax bills. 
 
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 European Union. 
 
Ireland taxes corporate earnings from normal business activities at a rate of 12.5 per cent, which compares with a standard 27.5 per cent rate in Italy. 
 
Earlier this month, Apple chief Tim Cook described accusations that the world's richest company was sidestepping US taxes by stashing cash overseas as "political crap" and insisted: "We pay ever tax dollar we owe." 
 
The settlement of the tax dispute will not halt the criminal investigation into the conduct of three Apple Italia executives but will likely reduce the severity of any sanctions they may face, La Repubblica said. 
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Apple to pay Italy $348 million after tax fraud probe

Apple has agreed to pay Italy 318 million euros ($348 million) to settle a tax dispute after the US tech giant was investigated for sus...

Apple accounts for almost half of smartphones and tablets activated over the Christmas week

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Apple came away the winner in mobile device holiday sales worldwide amid a shift to bigger screens, a survey showed. 
 
The survey by the Yahoo-owned analytics firm Flurry showed Apple accounted for 49.1 per cent of smartphones and tablets activated over the Christmas week, compared to 19.8 per cent for South Korean rival Samsung. 
 
"Christmas is traditionally the biggest day of the year for new smart-device activations and app downloads, and 2015 was no exception, with new device activations and app installs shattering record after record," Flurry vice president Jarah Euston said in a blog post Monday. 
 
The survey found more consumers around the world opting for large-screen smartphones or "phablets," which are often used in place of a tablet computer. 
 
Apple entered the phablet market last year with the iPhone 6 Plus and upgraded it this year with the 6s Plus. 
 
"Of course the introduction of an Apple phablet - and subsequently the iPhone 6s Plus - had a lot to do with the strength of phablets," Euston said. 
 
"But that's not the whole story. When we examined the form factor distribution by operating system we saw that for the first time phablets accounted for half of all Android devices! The popularity of the Samsung Galaxy Note and its imitators have changed the Android game, especially in Asian markets." 
 
For Apple buyers, around 12 per cent of purchases with phablets, according to Euston. 
 
"This appears to be coming at the expense of medium phones and small tablets as more users opt for the size in between the iPhone and iPad Mini," she said. 
 
Overall, 27 per cent of the devices were phablet-sized, which generally means a display of 5.5 to seven inches (about 14 to 18 centimeters). 
 
"In the early days it appeared that phablets were stealing share from tablets," Euston said. "For the first time in 2015 though, it appears consumers are opting for phablets - not instead of a tablet - but instead of a smaller-sized phone." 
 
Although Apple held its dominant position, its market share was down 2.2 points from a year ago while Samsung added 2.1 percentage points, Flurry said. 
 
Microsoft devices accounted for just two per cent of the market, down from 5.8 per cent in 2014, and Sony fell out of the top five. 
 
South Korea's LG was fourth with a 1.7 per cent share and China's Xiaomi accounted for 1.5 per cent. 
 
Christmas was the biggest day of the year for app downloads, with more than twice as many installations as on a typical December day, according to Flurry. 
 
"For app developers who scrambled to ship apps before the holidays and spent heavily on app marketing, it appears that the efforts have paid off," Euston said. 
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Apple accounts for almost half of smartphones and tablets activated over the Christmas week

Apple came away the winner in mobile device holiday sales worldwide amid a shift to bigger screens, a survey showed. The survey by th...

InFocus M680 Smartphone

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  <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0OMA1OTXUbPHNJ9sILRc5-3R-fZDTWtvAzObz4TlRv_08nuF6SRl3WthoWQtYKN1Tolf7iLrpneAhb71qJGK5SUx1sCbSg11AHl5tmu79Z2qy5P26CIRrM0gIqZ5zJ9rCFmkADhKY0SmE/s1600/Specs_new.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" height="379" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0OMA1OTXUbPHNJ9sILRc5-3R-fZDTWtvAzObz4TlRv_08nuF6SRl3WthoWQtYKN1Tolf7iLrpneAhb71qJGK5SUx1sCbSg11AHl5tmu79Z2qy5P26CIRrM0gIqZ5zJ9rCFmkADhKY0SmE/s640/Specs_new.jpg" width="640" /></a></h2>
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<h2 style="text-align: left;">
   GENERAL</h2>
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<ul style="text-align: left;">
<li>Brand - Infocus</li>
<li>Model ID - M680</li>
<li>Processor - 1.5 GHz 64bit Octa Core Processor</li>
<li>Operating System - Android 5.1 Lolipop</li>
<li>Screen Size - 5.5 Inch</li>
<li>Internal Memory - 16 GB</li>
<li>Camera -  13 MP </li>
<li>Sim Type - Dual SIM</li>
<li>OS - Android</li>
<li>Color - White & Black</li>
<li>RAM - 2 GB DDR3 </li>
<li>Release date - 21 Dec 2015</li>
</ul>
<h2 style="text-align: left;">
   MEMORY</h2>
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</div>
<ul style="text-align: left;">
<li>Internal Memory - 16 GB</li>
<li>External Memory - Approx 32 GB</li>
</ul>
<h2 style="text-align: left;">
   CAMERA</h2>
<ul style="text-align: left;">
<li>Primary Camera - 13 MP</li>
<li>Secondary Camera - 13 MP</li>
<li>Flash - Yes, LED</li>
<li>Other Camera Features - F2.4 Large Aperture, 4X Digital Zoom, Exposure Compensation, Continuous Shooting, Scene Setting, White Balance, Face Recognition, Beauty Shot</li>
</ul>
<h2 style="text-align: left;">
   BATTERY</h2>
<ul style="text-align: left;">
<li>Battery TypeLi-Ion PolyBattery Capacity2600 mAh</li>
</ul>
<h2>
   INTERNET & CONNECTIVITY</h2>
<ul style="text-align: left;">
<li>Bluetoothv4.0</li>
</ul>
<h2 style="text-align: left;">
   MULTIMEDIA</h2>
<ul style="text-align: left;">
<li>Music Player - Yes</li>
<li>Video Player- Yes</li>
<li>Audio Jack - 3.5 mm</li>
</ul>
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   ADDITIONAL FEATURES</h2>
<ul style="text-align: left;">
<li>Sim Size - Micro</li>
<li>Call Features - Call Waiting, Call Forwarding, Call Conference</li>
<li>Other Features - Email, Push SMS, SMS, IM, Document Viewer</li>
</ul>
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   IN THE BOX</h2>
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<li>In Sales Package Handset </li>
<li>Charger</li>
<li>USB Cable</li>
<li>User Manual</li>
</ul>
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  Review video</h2>
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<iframe allowfullscreen="" frameborder="0" src="https://www.youtube.com/embed/QbBnzHhDvLw"></iframe></div>
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InFocus M680 Smartphone

GENERAL Brand - Infocus Model ID - M680 Processor - 1.5 GHz 64bit Octa Core Processor Operating System - Android 5.1 Lolip...

Aleem For U®

Apple to pay Italy $348 million after tax fraud probe

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Apple accounts for almost half of smartphones and tablets activated over the Christmas week

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InFocus M680 Smartphone

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