Apple Takes a Step on Payment of Back Taxes to Ireland

Paschal Donohoe said while the Government disagreed strongly with the European Commission's original decision he always made it clear that it will adhere to its ruling as it prepares its appeal case

Apple and Ireland have rejected the finding and are appealing...

"We expect the appeal is likely to begin in the autumn", Donohoe told journalists on Tuesday.

Last October, the European Commission said it would be taking Dublin to court for delays in collecting the funds.

According to the newspaper, the Irish authorities appointed managers for an escrow account last month to be responsible for the money until the outcome of the appeal.

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The department said it is "anticipated the funds will flow into the Escrow Fund in significant tranches" and full recovery of the €13 billion is expected by the end of September.

Irish finance minister Pascal Donohoe said all the payments would be made via an escrow account by the end of the third quarter of 2018.

Basically, the European Commission, led by Margrethe Vestager, said that Apple had received special treatment from Ireland that ended up cutting its tax bill by billions between 2003 and 2014.

The money is expected to be paid into the account by the third quarter of this year pending an appeal against the European Union ruling by Apple and the Irish government, the ministry said.

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Mr. Donohoe has said about the agreement that it is,"is a significant milestone with regard to the commencement of the recovery of the alleged State aid, as the Escrow Framework Deed is the overarching agreement which will govern the collection and eventual payment of funds". It then ordered the company to pay back the fair amount of tax.

Apple is set to start paying the?13bn of back taxes it owes Ireland in May, the government revealed on Tuesday.

The Commission slapped Apple with its massive tax bill in 2016 after it charged the company with obtaining illegal state aid from Ireland to significantly reduce its tax burden.

At the time, it said: "The objective of the state aid rules is to tackle state interventions which confer a selective advantage".

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