Ireland Seeks Apple Back Tax

Report Apple to Begin Paying Ireland Billions in Back Taxes			The Associated Press		by Lucas Nolan5 Dec 20170		5 Dec 2017		5 Dec 2017

Report Apple to Begin Paying Ireland Billions in Back Taxes The Associated Press by Lucas Nolan5 Dec 20170 5 Dec 2017 5 Dec 2017

Apple reportedly owed approximately $14.5 billion in back taxes, while the company reportedly paid as little as 0.005 percent in Ireland in 2014.

Apple has reached an agreement with the European Union to pay $15.4 billion in back taxes it was ordered to pay Ireland past year, according to reports.

The Irish government, however, was slow to collect the cash, attempting to keep their current tax deal with Apple intact.

"The Irish Government will be strenuously defending our position in court".

The European Commission had ordered Ireland to collect the money after concluding that two Irish tax rulings allowed Apple to pay less tax than other businesses — thus giving them an unfair advantage.

Ireland disagreed with the Commission's analysis and appealed the decision. "We remain confident the General Court of the European Union will overturn the Commission's decision once it has reviewed all the evidence".

Further information on Apple's new tax fund, its management, and the company's payment schedule may become clearer during the company's next earnings report in January.

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