Sep 18, 2018

Apple pays disputed Irish tax bill

Apple has paid the Irish government €14.3bn, money that the European Commission ruled the tech giant owed due to illegal tax breaks. Ireland's Finance Ministry said the payment was a "Significant milestone", although Dublin insists Apple was not given any special tax treatment. In 2016 the Commission ruled the 1% effective tax rate that Apple paid in Ireland amounted to illegal state aid. The process of recovering the funds began in May and has now amounted to €13.1bn in disputed taxes plus interest of €1.2bn, an amount roughly equivalent to Ireland's health budget for the year. Apple is one of several American tech giants which located their European operations in Ireland, due to its relatively low tax rate.

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