Irish Tax

Apple Pays First Instalment of Disputed Taxes to the Irish Government

Last month, Apple announced that in order to comply with a European Commission (EU) order to pay back taxes to the Irish government, it will transfer roughly €13 billion ($16 billion) into a Dublin escrow account in multiple instalments. Today, the Cupertino giant has made its first payment of 1.5 billion euros ($1.76 billion), according to Finance Minister...

Apple Agrees to Pay €13 Billion in Back Taxes to the Irish Government

In a step towards complying with a European Commission order to pay back taxes to the Irish government, Apple has agreed to transfer roughly €13 billion ($16 billion) into a Dublin escrow account. According to the Financial Times, Apple will start paying by making a large initial transfer next month, and then will pay about €1 billion...

Apple to Begin Reimbursing €13 Billion Irish Taxes in March

It was reported last month that Ireland is expecting to collect €13 billion in back taxes from Apple starting in early 2018 and now, the Public Accounts Committee (PAC) has been told by the Department of Finance that the collection will begin in March and continue through to September (via RTE). The funds will be held in...

Irish Government Appeals $14.3B Tax Charge Against Apple

In an effort to stop the European authorities from forcing Apple to pay the country $14.3 billion in taxes, the Irish government has filed an appeal with the General Court, the top appellate court of the European Union. According to The New York Times, the appeal represents the beginning of a lengthy standoff between European authorities, the Irish...

US Treasury Meets EU Antitrust Chief Ahead of Apple Tax Ruling

Bloomberg reports that US Treasury Secretary Jacob J. Lew is scheduled to meet with European Union antitrust chief Margrethe Vestager. The meeting will take place just ahead of her ruling on Apple's Irish tax affairs. Vestager's team has already delivered two draft decisions, according to two Bloomberg sources familiar with the matter. The decisions set...

Apple Warns Shareholders Irish Tax Structure to Change

Apple has noted in its annual 10-K filing to the Securities and Exchange Commission that it could be subject to changes in its tax rates as new Irish tax legislation comes into effect. According to The Wall Street Journal, Apple has said in its filing that due to economic and political conditions, "tax rates in various jurisdictions may...