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South Korea says Apple owes $46 million in unpaid taxes

Apple made wireless carriers pay for iPhone advertising costs, and a representative of the South Korean government says a tax bill is due.Accounting experts for Korea’s antitrust group — the Korea Fair Trade Commission — made the claim. Apple Korea is said to have made local carriers foot the bill of up to 30 billion won ($25.3 million), and Apple needs to shoulder 43.2 billion won ($36.4 million) in taxes because of the deed, with a penalty hiking that to up to 55 billion won ($46 million).However, the Korea Times reported on Tuesday that Representative Jang Hye-young of the Justice Party believes that this is just the start of the costs that Apple must pay. Read more…
Source: Apple Insider News and Secrets on New Apple Products

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