Lunes, 18 Diciembre, 2017

Apple strikes interim deal on escrow fund for $15B Irish tax claim

Apple will repay billions in owed taxes to Ireland Apple is to repay billions in owed tax to the Irish Government
Cris De Lacerda | 05 Diciembre, 2017, 01:51

"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.

The government have come to an agreement with Apple for the contested €13 billion tax bill that the company was ordered to pay Ireland. The EU determined that Apple, which employs thousands of workers in Ireland, had failed to pay taxes on several years of European profits due to a special arrangement it had made with the Irish government.

Ireland had held off collecting the money and the matter was appealed to the EU Court of Justice.

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.

Donohoe said he called the meeting with the competition commissioner to brief her on the latest developments. Everyone from business leaders to everyday citizens have raised their voices in the hopes that the FCC will, at the very least, delay its decision to eliminate the policies that were designed to ensure equal treatment of all internet traffic.