Apple’s tax woes in Ireland are officially over | Infinium-tech
Apple’s 14.3 billion Irish tax brake fine is officially one officially one for history books, as the Irish government has announced that it has withdrawn all the money from the Escro account Apple in 2018. This is when it has deposited the above amount after imposing a fine by the European Commission (EC).
This amount estimates what Apple would have paid for taxes in Ireland, it did not get “Jaaniman deal” from the Irish government as “illegal state assistance” from the Irish government in exchange for setting up its European headquarters in the country.
Now that Ireland has shifted the money from the escrow account to its central fund, the escrow account has been closed and Apple’s saga about these back taxes is allegedly outstanding, finally it can be kept to rest.
The timeline goes in such a way: In 2013, EC launched an investigation in Apple and found that the breaks from Ireland were illegal, and in 2016 it was decided that Apple had to pay “state aid”, which was considered to be received in the 10 -year period before the investigation began, as it was allegedly given “significant advantage” on its competitors.
In 2018, Apple set the Escro account and paid the amount that was considered outstanding in it. In 2020, the European Union’s general court ruled in favor of Apple, but in 2024, the European Court overturned the decision and confirmed the EC’s original decision from 2016. Therefore, the Irish government has now finally captured the money.
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