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Apple has paid the Irish tax bill in full – plus $ 1.4 billion in interest – while awaiting its appeal

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

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The money is deposited in an escrow fund, where it remains until legal professions have been submitted. Both Apple and the Irish government have appealed against a ruling that the country has offered an illegal & # 39; taxation agreement to the iPhone maker in exchange for the company that bases its European headquarters in the country.

It is Ireland, and not Apple, that has broken the law by offering illegal state aid to a company. The EU instructed the Ministry of Finance to recover the underpaid tax from Apple.

Reuters reports that the amount would be sufficient to finance Irish health care for a year, but the country's finance minister insists that the decision be destroyed and that the money be repaid to Apple.

"Although the government fundamentally disagrees with the Commission's analysis and demands a nullification of that decision, as committed members of the European Union, we have always confirmed that we would reclaim the alleged state aid," said Paschal Donohoe in a statement.

The site reports that investment managers are now providing the money and ensuring that it is placed in low-risk investments, with the guarantee that the Irish taxpayer will be protected against any losses.

It will probably take several years before the appeals reach European courts.

Photo: Ralph Orlowski / Reuters


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