- Ireland steps closer to collecting $15B in Apple (NASDAQ:AAPL) taxes following EU criticism that the country was dragging its feet.
- The money traces back to an August European Commission ruling that Ireland gave Apple unfair tax incentives. Apple was meant to repay the taxes, but Ireland wants the money in an escrow account to avoid any liability during the appeal process.
- Irish Prime Minister Leo Varadkar tells parliament, regarding Apple: “We’ve indicated to them that we want the escrow account established and we want funds to be paid into the escrow account without further delay. We do not want to be in the situation where the Irish government has to take Apple to court because the European Commission is taking the Irish government to court. I think that message is understood and I’d anticipate progress in the coming weeks.”
- Previously: Bloomberg: Apple will help select fund manager for Irish back taxes (Sept. 6)
- Now read: Has Apple Flubbed Its September Rollout?
Original article