Apple hands €14.3bn in back taxes to reluctant Ireland

Apple have paid Ireland the €13 billion they owed plus over a billion in interest

The European commission ruled in August 2016 that Apple had received unfair tax incentives from the Irish government.

Apple has paid the Irish government €14.3bn in back taxes after the European Commission ruled that arrangements between the pair had broken the state aid rules. Ireland disagrees with this, though, and is appealing the decision, as it would like other cash-rich multinationals to continue to invest in the country and enjoy the benefits of its generous business tax regime.

Competition Commissioner Margrethe Vestager has been going after the extremely low tax rates paid by some multinationals in the European Union as a competition issue, based on the fact that some giants get them but smaller competitors do not.

Amundi, BlackRock Investment Management and Goldman Sachs Asset Management will manage the more than €13 billion in disputed taxes Brussels has ordered the Government to collect from Apple.

Apple and Dublin claim that they did not break Europe's anti-trust laws.

Paschal Donohoe said the investment managers would make low-risk investment decisions and the Irish taxpayer would be protected from any losses.

Southern California surgeon and accomplice charged with drugging, raping women
He specializes in "traumatic and sports-related injuries" as well as arthritis and aging issues, according to the medical group. Rackauckas said his office can not make those images public, but everything suggests those women were also victims of assault.

Apple is refusing to comment on the decision, instead rehashing a statement from previous year that said it is cooperating with the recovery process and was confident the decision would be overturned.

"This is the largest State Aid recovery at c. €14.3 billion and one of the largest funds of its kind to be established".

Ireland's finance minister, Paschal Donohoe, confirmed on Tuesday (18 September) that the country had recovered the full amount this month.

"In light of the full payment by Apple of the illegal state aid it had received from Ireland, commissioner (Margrethe) Vestager will be proposing to the college of commissioners the withdrawal of this court action", the commission spokesman Ricardo Cardoso said.

The matter will likely take several years to be settled by the European Courts, it added.


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