Apple: its French subsidiary under investigation – Le Point

Apple France is the subject of an investigation by the French tax authorities for the years 2011 to 2013, indicate its accounts filed early April at the Registry of the Commercial Court, while the tax arrangements of the firm at the apple is already in the sights of several countries, including Italy and Australia. The Ministry of Finance, recalling that it was held in tax secrecy, declined to comment on information published Monday by the original website L’Expansion . “In March 2014, Apple France was notified of an opening of a tax audit for the fiscal years 2011, 2012 and 2013. The tax audit is underway,” the document provided by Apple in France Commercial Court in early April.

The company has paid tax on the profits of € 7 million for that period in France. Apple France, which says 168 employees, has published a turnover of EUR 52.5 million for fiscal offset completed in September 2014 which is the sales, and a net profit of 13 million euros. Sales of the 21 stores of the group in France they are counted by another subsidiary, Apple Retail, which displays a turnover of 463 million euros. This subsidiary, registered in Cork, Ireland, where taxation is more favorable, only paid a little over a million euros tax on its profits, which amounted to nearly 7 million.

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When contacted, Apple declined to comment on the tax investigation, but reiterated its previous statements according to which the group “pays all taxes that he must”. Apple is already the subject of an investigation by tax authorities in Australia and Italy, while the sling mounts in Europe against the tax arrangements of large multinational that allow them to minimize their tax. The European Commission has unveiled a plan to which the key measure is the exchange of information on tax agreements between states and multinationals. It believes that tax evasion deprives each year 28 members of several billion euros.

A study by Greenwich Consulting firm for the French Federation of Telecom believes Apple’s revenue France in 2011 to 3.2 billion euros, while the group reported sales of 257 million. This study dating from 2013 and denouncing tax optimization multinationals also remember how Apple invoice from Luxembourg music downloads from iTunes or videos which to pay less VAT and copyrights as if the sales were reported in France .