“Ireland expects to make progress in recovering up to 13 billion euros ($15 billion) in disputed taxes from Apple Inc (AAPL.O) in the coming weeks, its prime minister said on Tuesday, following EU criticism that Dublin was moving too slowly,” Reuters reports.
“The European Commission ruled in August 2016 that Apple had received unfair tax incentives from Ireland and said last month it was taking Dublin to the European Court of Justice over its delays in recovering the money,” Reuters reports. “Both Apple and Dublin are appealing the original ruling, saying the iPhone maker’s tax treatment was in line with Irish and European Union law.”
“‘We’ve indicated to them (Apple) that we want the escrow account established and we want funds to be paid into the escrow account without further delay,’ Irish Prime Minister Leo Varadkar told parliament,” Reuters reports. “‘We do not want to be in the situation where the Irish government has to take Apple to court because the European Commission is taking the Irish government to court. I think that message is understood and I’d anticipate progress in the coming weeks.'”
Read more in the full article here.
MacDailyNews Take: The farce is with EU.
SEE ALSO:
Apple holds on to tax billions as Ireland set to miss deadline – November 16, 2017
EU sues Ireland over $15.3 billion tax clawback from Apple – October 4, 2017
Ireland opposes EU’s 13 billion euro Apple tax grab, calls it unjustified – August 17, 2017
Apple close to deal protecting Ireland in fight over EU tax grab – August 11, 2017
Ireland seeks custodian for Apple $15.2 billion in back taxes as collection nears – July 22, 2017
EU Commissioner Vestager: Ireland ‘taking too long’ to recover Apple tax – May 19, 2017
EU’s hypocritical Margrethe Vestager going after Apple while backing Madeira tax avoidance scheme – February 14, 2017
Apple has missed the deadline to pay $13.9 billion to Ireland in illegal tax benefits – January 31, 2017
Apple CFO Maestri: What the EC is doing here is a disgrace for European citizens, it should be ashamed’ – December 19, 2016
Apple’s EU tax nemesis Margrethe Vestager takes aim at other U.S. companies’ offshore profits – September 19, 2016
The ‘Brexit-Apple’ connection: What in the world was Margrethe Vestager thinking? – September 12, 2016
EU ministers line up to take tax bites out of Apple – September 12, 2016
Former EU competition commissioner: Vestager claim that Apple owes back taxes an incorrect use of EU law – September 2, 2016
Irish government to fight EU on Apple tax – September 2, 2016
Treasury accuses EU of trying to steal U.S. tax revenues with Apple decision – September 1, 2016
Irish residents opposed to EU’s tax demand of Apple – September 1, 2016
Apple Inc. pushes back against EU tax grab – September 1, 2016
Apple may repatriate billions of dollars next year after new U.S. President takes office – September 1, 2016
U.S. tax code allows for dramatic retaliation against EU overreach in Apple case – September 1, 2016
Apple CEO Tim Cook on EU tax demand: ‘No one did anything wrong here and Ireland is being picked on… It is total political crap’ – September 1, 2016
U.S. Treasury: The European Commission’s retroactive tax demands on Apple are unfair – August 30, 2016
EU demands Apple pay massive $14.5 billion in taxes plus interest – August 30, 2016
Yeah the farce is with EU but prior legal “farces” have also not worked out well for Apple in the end. For some reason I’m not optimistic.
Getting the money for real from Apple should be called ‘Operation Lucky Charms’.
Seeing as the Irish parliament already voted to NOT pursue further taxes from Apple, despite the incoherent demands of the EU, I see no point in asking Apple to create a €13 million escrow account.
Seeing as Apple followed Irish tax law to the letter, I also see no point in attempting to penalize Apple. They obviously committed no crime. If the EU wants to pursue fine someone, fine Ireland IF their tax laws actually break from their agreements within the EU.
This case has become as silly as a Judge Koh trial.
Oh sorry. €13 BILLION. Math error.