Apple to begin paying $15B to Ireland in back taxes

Ajustar Comentario Impresión

"We have now reached agreement with Apple in relation to the principles and operation of the escrow fund", Finance Minister Paschal Donohoe said in Brussels in quotes confirmed to AFP by Ireland's finance ministry. But Ireland was rather slow to start collecting that cash, which led the Commission to refer the Irish government to the European Court of Justice in October due to Ireland's non-compliance with the 2016 ruling.

"We have a dedicated team working diligently and expeditiously with Ireland on the process the European Commission has mandated", an Apple spokesperson said in an emailed statement.

Ireland built its economic success on being a low tax entryway for multinationals seeking access to the EU, and is concerned that collecting the back taxes could dent its attractiveness to firms.

KitGuru Says: Apple may start setting the money for this aside soon, but it seems clear that it still wants to get out of it. Whether or not the original ruling gets overturned remains to be seen. Both are continuing to appeal the decision and the money will sit in an escrow fund while they do so.

Apple also said it remained "confident" that the EU court would "overturn the Commission's decision once it has reviewed all the evidence".