Ireland Stories June 10

The G20 has set a deadline for a two-prong tax crackdown on tech giants, which could hit companies like Apple, Amazon, Facebook, Google and Uber. The 20 members have agreed to put in place by 2020 measures to stop international companies using tax loopholes to pay less tax than locally-based companies.

One of the arrangements used by Apple has been cited as an example of this type of loophole …

expand full story

Ireland Stories September 18, 2018

Apple has paid Irish tax bill in full – plus $1.4B in interest – pending its appeal

The Irish government says that Apple has now paid the full €13.1B ($15.3B) in underpaid tax, along with €1.2B ($1.4B) in interest … 

Ireland Stories March 7, 2018

A bank has now been appointed to manage the escrow fund for the €13B ($15B) in back-taxes the European Union decided Apple had to pay to the Irish government.

It took some time to agree the arrangements as Apple expects to get the money back at the end of a legal battle expected to take many years, and it will want to ensure the funds have been well invested during that time …

expand full story

Sylvania HomeKit Light Strip

Ireland Stories February 22, 2018

Apple’s final settlement with European Commission expected to be around $16B in taxes owed

Apple is said to owe 13 billion euros (estimated $16 billion USD) to Ireland, according to the country’s tax collectors, Reuters reports.

Ireland Stories January 18, 2018

It’s now 17 months since EU regulators ordered Ireland to recover €13B ($15B) from Apple in underpaid taxes, and a payment schedule has finally been agreed on.

Payments will begin in March, and continue through to September, meaning that the bill will finally be settled in full some two years after the ruling. That won’t, however, be the end of the matter …

expand full story

Ireland Stories December 4, 2017

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

Update: The two parties may have agreed terms for the escrow account, but Reuters reports that they have yet to agree a date for Apple to begin transferring funds into it.

The EU ruling that Ireland offered illegal state aid to Apple, and must recover €13B ($15B) in underpaid taxes, marked the end of a long-running investigation – but not the end of the dispute …

Powered by VIP