“European authorities indicated they are open to dropping a case against Ireland for failing to collecting Apple Inc.’s tax arrears quickly enough, as the company paid over a first trance of cash,” Dara Doyle reports fro Bloomberg.

“After the government missed deadlines to collect the cash, the Commission in October referred Ireland to the European Court of Justice,” Doyle reports. “The Iphone [sic] maker has paid about 1.5 billion euros ($1.8 billion), the Finance Ministry said in Dublin on Friday.”

Doyle reports, “While Apple and Ireland appeal the EU decision, the government will hold the money in an escrow account until the process is complete.”

Read more in the full article here.

MacDailyNews Take: How magnanimous.

SEE ALSO:
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Ireland, Apple appeal over EU tax clawback gets timeframe – April 24, 2018
EU says Ireland’s Apple complaint will only be dropped if it takes the full $16 billion in tax clawbacks – February 27, 2018
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Apple Inc. pushes back against EU tax grab – September 1, 2016
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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