Tim Cook may have been singing the praises of their China division on stage this week, but its been revealed that Apple China underpaid on their taxes by 452 million yuan ($71 million USD ) dues to reporting errors during their 2013 operations.
According to a report from the Chinese Ministry of Finance on Wednesday, which was released yesterday through state media outlet Xinhua, Apple had already rectified the mistake and was required to pay a further 65 million yuan in late fees ($10.1 million USD).
Apple had apparently underestimated their revenue by 8.79 billion yuan, as well as overstating its profits by 5.4 billion yuan.
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