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Ireland will soon be 13 billion from Apple for back taxes

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Published on Jul 24, 2017

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Almost a year from the beginning of the dispute between the European Union and Apple, Ireland is preparing his will to receive the payment of 13 billion euros in back taxes from Apple. The irish government must hold firm to this figure as a guarantee, until they have finished all the degrees of judgment.

For a government to receive 13 billion euros should be great news, but Ireland is always entered in favor of Apple in litigation against the EU. The government, in fact, had entered into special agreements with the company, which included important investments in the country (and the creation of thousands of jobs), in exchange for taxes far below the standard ones (from 0.005% to 1% of revenues).

The European Commission, however, has condemned Apple as to the payment of € 13 billion, as back taxes, and now the company from Cupertino and the irish government are establishing how to create this fund and how to check it waiting for it to finish all the degrees of judgment. Apple and Ireland are, in fact, appealed the first decision of the judges, for this, there are several appeals and a few years before the case can be considered closed. The payment will be made in the coming weeks.

The CEO of Apple is confident about a positive conclusion of the appeal.

Link to the original article: Ireland will soon be 13 billion from Apple for back taxes

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