Apple forks over first billion in $15B Irish tax fine

Apple forks over first billion in $15B Irish tax fine

6 years ago
Anonymous $CLwNLde341

https://www.cnet.com/news/apple-forks-over-first-billion-15b-irish-tax-fine/

Apple has deposited €1.5 billion, or about $1 billion, into an escrow account set up to hold €13 billion in disputed Irish taxes, EU Finance Minister Paschal Donohoe said on Friday.

In 2016, the EU ordered the iPhone maker to pay almost $15 billion in back taxes to Ireland. The EU believes Ireland hasn't been collecting enough taxes and instead has been giving companies like Apple too big of a break on its already low 12.5 percent tax rate.

Apple forks over first billion in $15B Irish tax fine

May 18, 2018, 8:38pm UTC
https://www.cnet.com/news/apple-forks-over-first-billion-15b-irish-tax-fine/ > Apple has deposited €1.5 billion, or about $1 billion, into an escrow account set up to hold €13 billion in disputed Irish taxes, EU Finance Minister Paschal Donohoe said on Friday. > In 2016, the EU ordered the iPhone maker to pay almost $15 billion in back taxes to Ireland. The EU believes Ireland hasn't been collecting enough taxes and instead has been giving companies like Apple too big of a break on its already low 12.5 percent tax rate.