Ireland starts collecting back-tax from Apple

Randall Padilla
December 6, 2017

It's understood that Apple will start paying the €13 billion in back taxes into an escrow account in first quarter of 2018.

Apple filed an appeal against the Commission's ruling in December 2016, and the company accused outspoken EU Competition Commissioner Margrethe Vestager of using Apple as a "convenient target" to make headlines.

Ireland has said that negotiating the terms of that fund is what has held up its collection of the money, but the European Commission said that the action it has taken against Ireland for failing to follow the 2016 ruling will proceed until the money is collected in full.

The Government is required under European Union rules to engage in a tendering process.

Starting next year, will have to start paying Ireland back billions of back taxes.

We have a dedicated team working diligently and expeditiously with Ireland on the process the European Commission has mandated.

The government of Ireland had said in a statement on Monday that, "an agreement had been reached in relation to the framework of the principles that will govern the escrow arrangements".

European Commissioner Margerthe Vestager ruled that Apple was receiving illegal state aid from 2003 to 2014.

However, Apple added that it remains confident that the court will overturn the commission's decision after reviewing and reading the evidence they have presented in their defense. The Government has denied favouring Apple and has joined the company in appealing the original ruling.

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

Other reports by AllAboutTopnews

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