Apple to Pay Ireland Billions in Back Taxes

06 December, 2017, 00:52 | Author: Franklin Nunez
  • Apple to begin paying Ireland back taxes from early 2018

The European Commission ruled previous year that a tax deal that Ireland gave Apple was illegal, and that it owed the country $14.5 billion in back taxes.

Apple has made a string of investments in the country over the last few years, and the Irish Government fears that the tax bill will affect jobs.

The ruling by the European Commission previous year stated that Apple had to pay the fee as it had received unfair tax incentives in Ireland.

The EU's ruling also angered a number government leaders in Ireland, who filed their own appeal on the grounds that the ruling infringes on the nation's sovereignty and harms its ability to attract business. Since then though, it seems that Apple has reached an agreement with Ireland to pay back €13 billion in back taxes.

Bills quarterback Tyrod Taylor carted off the field
Taylor was carted off the field with a towel over his head, prompting worry for a serious knee injury. Taylor stayed in the game, but wasn't really able to get anything going.

Ireland had held off collecting the money and the matter was appealed to the EU Court of Justice.

Apple is just one of many technology companies whose tax arrangements in Europe have been criticized.

Speaking in Brussels, Irish finance minister Paschal Donohoe said: "We have now reached agreement with Apple in relation to the principles and operation of the escrow fund".

"The Commission's case against Ireland has never been about how much Apple pays in taxes, it's about which government gets the money", the firm said in a statement.

Alex Smith isn't the problem in Chiefs' latest loss
Lee, a second-year linebacker, has been a focal point in the Jets' defense and played well after struggling early in the season. Bowles said both players will return to the starting lineup next week - unless they give the coach a reason to change his mind.

The $15,4 billion will start flowing into Irish coffers in Q1 2018, but Apple continues to deny any wrongdoing.

Apple also said it remained "confident" that the European Union court would "overturn the Commission's decision once it has reviewed all the evidence".

Both Apple and Ireland have argued against the ruling.

Super "Frost" moon this weekend
The supermoon will reach its perigee -the closest point in its orbit around the Earth - at 3:45 a.m. the following day. A supermoon is also believed to have an impact on the Earth's waters.

Recommended:

  • 2017's one and only supermoon soars over Washington

    2017's one and only supermoon soars over Washington

    Supermoons happen when the full moon coincides with the moon's pedigree, or the point its orbit comes closest to the Earth. But if you can't wait until the next lunar event, scroll through to see some incredible photos of the 2017 supermoon.
    Arrest made after missing North Carolina girl presumed dead

    Arrest made after missing North Carolina girl presumed dead

    FBI Special Agent-in-Charge Stanley Meador said authorities spent days searching by foot, boat and in the water for any leads. The FBI said it has been sending "items of interest" to its lab in Quantico, Virginia, for priority testing in the case.
    Yankees Name Aaron Boone Next Manager

    Yankees Name Aaron Boone Next Manager

    Boone retired after a 12-year playing career in which he finished with a.263 career batting average with 126 home runs. Fortunately, Beltran's baseball mind could still be with the Yankees in some capacity next year.
  • Conyers To Retire Amid Sexual Harassment Allegations

    Conyers To Retire Amid Sexual Harassment Allegations

    Reed has said Conyers' health would be the paramount consideration in whether he decides to step down from his House seat. The elder Conyers, however, continued to deny the allegations leveled against him.
    Amazon Australia goes live in time to ruin rivals' Christmas

    Amazon Australia goes live in time to ruin rivals' Christmas

    Braeuniger said Amazon will create thousands of new jobs and invest hundreds of millions of dollars in Australia . Are you happy?! Now get on with buying your old man USB cables for his birthday, because he keeps losing them.
    Tom Brady: New England Patriots QB sounds off on OC Josh McDaniels

    Tom Brady: New England Patriots QB sounds off on OC Josh McDaniels

    Bills quarterback Tyrod Taylor was carted to the locker room with a knee injury early in the fourth quarter and did not return. Webb would take a quarterback keep for a 22-yard run and narrowly missed connecting with Travaris Cadet for a touchdown pass.
  • Where to get freebies and discounts for National Cookie Day

    Where to get freebies and discounts for National Cookie Day

    Celebrate with the #CookieBonBite Equal parts bon, cookie, and awesome - buy one and get an 8 oz @fairlife while supplies last. DoubleTree : The Hilton hotel brand known for its warm cookies announced in a National Cookie Day news release that its U.S.
    Netanyahu: Israel will not allow Iran to establish military presence in Syria

    Netanyahu: Israel will not allow Iran to establish military presence in Syria

    This isn't entirely unusual within Israel, as the military censors often compel the media not to report stories. SANA says the missile attack occurred shortly after midnight on Friday and caused material damage.
    Conor McGregor Might Not Ever Fight Again

    Conor McGregor Might Not Ever Fight Again

    Fighting is the worst - try to get up and get punched in the face every day when you have $100 million in the bank. The Daily Mail reported that police are "aware" of an incident that was said to have taken place in Crumlin.
  • NBA GMs: There's

    NBA GMs: There's "No Chance" LiAngelo Ball Gets Drafted In June

    Now, according to TMZ , LaVar Ball has made a bold decision regarding his son's future and pulled him out of UCLA. And then you just sit in a cement cell for however long.
    Jesse Lingard double makes Arsenal pay for misses

    Jesse Lingard double makes Arsenal pay for misses

    Two goals from Jesse Lingard and one from Antonio Valencia earned United the victory - Mourinho's first away against a top-six club since he arrived at Old Trafford.
    RBI Given Ammunition To Hold Rates As Indian Economy Recovers

    RBI Given Ammunition To Hold Rates As Indian Economy Recovers

    Government spending slowed in the quarter, growing 4.1 per cent, as against 17.1 per cent in the June quarter. The country's fiscal deficit crossed 96 per cent of Budget estimates at October-end.


Popular

Yemen's Saleh killed in ambush
He remained, however, a key player in the years that followed and played a pivotal role in the country's ongoing conflict. The Houthis accused Saleh of betrayal, and vowed to keep up the fight against the Saudi-led coalition.

USA urges world to cut ties with N Korea
She said the United States did not seek conflict but that North Korea's regime would be "utterly destroyed" if war broke out. It has said its weapons programs are a necessary defense against US plans to invade.

Congress strategy is to divide people: PM Modi
The Prime Minister is scheduled to address rallies in Surendranagar and Rajkot later today. Bharuch is considered to be a stronghold of senior Congress leader Ahmed Patel.

US Presses China to Show Leadership on N. Korea, Cut Oil Exports
China and Russian Federation objected to that idea in the latest United Nations sanctions resolution. Security Council and the new sanctions that may follow will solve nothing", the article said.

NASA wakes up Voyager's slumbering thrusters 37 years later
NASA added it will likely do a similar test on the TCM thrusters for Voyager 2, the twin spacecraft of Voyager 1. And even after Voyager 1 dies - or if we lose contact with it - the spacecraft is ready to achieve great things.

Stanton reps also to meet with Cardinals
Meantime, the rival Giants are hoping Stanton determines San Francisco would suit him as a runner-up choice. He wants to hear what teams have to say as he could be on the move from the cost-cutting Marlins.

MPs say hard border with Republic of Ireland appears 'inevitable' after Brexit
In fact, both Northern Ireland and Scotland voted to remain in the European Union by margins of 55.8% and 62% respectively. Right now, the U.K.'s government is being propped up by a small party from Northern Ireland.

Man United boss Jose Mourinho discusses Pep Guardiola avoiding ban
During his post-match interview, Guardiola claimed he was telling Redmond that he was wasting time from the ninth minute. All the managers want to help their players because if they play bad we'll be sacked.

Qatar Fails to Save Yemen's Houthis
The two groups have been fighting the government of current President Abedrabbo Mansour Hadi, who is backed by the Saudi-led coalition, for almost three years.

Japan panel agrees on April 30, 2019 for emperor's abdication
Japan's constitution defines the emperor as a symbol of the state and the people, without political power. Emperor Akihito is presently undergoing a prostrate cancer treatment.