Apple: agreement with Ireland, guarantee fees

2020-07-15T10:03:14.822Z

Apple and Ireland have reached an agreement in principle for the payment of the alleged unpaid taxes in Dublin. The iPhone maker is accused by the EU of not having paid taxes of 13 billion euros. Dublin will begin to collect taxes from the first quarter of 2018, over a year after the deadline originally set by the EU Commission. This was announced by Irish Finance Minister Paschal Donohoe ahead of a meeting with Margrethe Vestager, the EU Competition Commissioner, designed to update her on the latest developments. The deal came after the EU reported Ireland in October to the EU's highest judicial body, the European Court of Justice, for failing to implement the 2016 order to collect Apple's back taxes by January 2017. The case exploded in August 2016, when Vestager announced that the tax settlement between Apple and Dublin was not legal; the two sides denied.