Tuesday, 5 December 2017

Ireland to comply with European Commission order to collect Apple's disputed €13bn tax bill

Ireland is to comply with a European Commission order to collect a disputed €13bn tax bill from the US firm Apple.

The money is now being paid into a blocked "escrow" account, while Ireland appeals the Commission's decision.

The Commission ruled last year that Ireland had given Apple illegal state aid by allowing it to pay an effective 1% corporation tax.

Ireland was referred to the European Court of Justice after it failed to implement an order to collect the tax.

The Irish government says it profoundly disagrees with the Commission's analysis of the case.
The Irish Finance Ministry said in a statement: "These sums will be placed into an escrow fund with the proceeds being released only when there has been a final determination in the European Courts over the validity of the Commission's Decision."

Ireland has lodged an application in the General Court of the European Union for the Commission's decision to be annulled.

BBC       News.