Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ireland to Collect Billions From Apple in Back Taxes

Ireland says it will begin collecting about $15.9 billion of back taxes from Apple, 19 months after the European Commission ruled that a tax deal with the tech giant amounted to illegal state aid.

LONDON (AP) — Ireland says it will begin collecting about $15.9 billion of back taxes from Apple, 19 months after the European Commission ruled that a tax deal with the tech giant amounted to illegal state aid.

The Commission ordered Ireland to collect back taxes for the years 2003-2014, which it estimated at 13 billion euros plus interest. Ireland disagreed, saying the ruling undermined the integrity of the country's tax system.

But Finance Minister Paschal Donohoe says he will on Tuesday sign an agreement setting up the escrow account that will hold the payments while Apple and Ireland appeal. The payments should be completed by September.

Donohoe says the government "fundamentally disagrees with the ruling," but "Ireland is intent on complying with our binding legal obligations in this regard."

Categories / Business, Government, International, Law, Technology

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...