Ireland to finally start reclaiming Apple back taxes

Apple will begin making payments in the first quarter of next year

American tech firm Apple has confirmed that it's to comply with a ruling from the European Commission and pay Ireland billions owed in taxes.

After a year passed without Ireland moving to recover the money, the EU referred the country to the bloc's highest court, the European Court of Justice.

The European Commission ruled in 2016 that the tax arrangement was illegal under EU state aid rules, but Apple and Ireland have both appealed the order.

To view the full article, register now. While one might wonder why the Irish government might turn up its nose at $20 billion, by offering annual tax rates as low as 0.005 per cent for over a decade, Ireland essentially acted as a tax haven - a status it has used to attract investment and presence by global corporations. Irish Finance Minister Paschal Donohoe said he expected the repayments to begin in the first quarter of 2018, according to the Journal, once terms were hashed out over who would operate the account and manage the fund.


"The Commission's case against Ireland has never been about how much Apple pays in taxes, it's about which government gets the money", the firm said in a statement.

More than a year after an European Union deadline for Ireland to recover €13 billion ($15.4 billion) in back taxes from Apple, Dublin has finally agreed to start recovering the money.

Apple insists it did nothing wrong and that eventually, its Irish treasure horde will be returned to Cook and crew. Despite Apple not wanting to pay the bill - and the Irish Government not wanting to receive it - the two sides have now come to an agreement that means the money owed will now be collected.

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