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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Tue Apr 24, 2018 3:06 pm 
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Neo Landlord

Joined: Sep 9, 2017
Posts: 236
Giveaway election anyone

Quote:
Ireland and Apple reach deal on €13bn of back taxes



Apple will start paying €13bn in back taxes to the Irish government from May in a move that comes 19 months after Brussels ruled that the tech giant received a quarter-century of illegal aid from Dublin through a tax scheme unavailable to other groups.
The start of the tax repayments follows an agreement between the Irish government and Apple to set up an escrow account to hold the money pending their appeals in Europe’s highest court against the ruling from , EU competition commissioner.
“This is a very, very significant day now in terms of dealing with this issue,” said Paschal Donohoe, Irish finance minister. Mr Donohoe told reporters he will sign a legal agreement today with Apple to set up the escrow. The full recovery will be completed by the end of September, he said


https://www.ft.com/content/936875b2-47c3-11e8-8ee8-cae73aab7ccb?emailId=5adf34c5f9354f0004863636&segmentId=3d08be62-315f-7330-5bbd-af33dc531acb


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