Technology
Apple’s messy Ireland situation has ended with a €14 billion payout
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Image: Artur Widak/NurPhoto via Getty Images
Apple’s tax relationship with Ireland has been making headlines for years now.
Ever since the establishment of the so-called “sweetheart deal“, which allowed Apple to pay tax that sometimes fell as low as 0.05 percent in the country, the arrangement has been raising questions.
These questions led to the EU Commission concluding, back in 2016, that “Ireland gave illegal tax benefits to Apple worth up to €13 billion”.
Well, flash forward to September 18, 2018, and the company has paid up.
Today Irish Minister of Finance @Paschald confirmed the full recovery of €14 bn of illegal aid to Apple (unpaid taxes). Good. So we can close the Court action on recovery.
— Margrethe Vestager (@vestager) September 18, 2018
That tweet above is from the European Commissioner for Competition. The tweet below, meanwhile, was posted by Ireland’s Minister for Finance.
Positive news this evening that the @EU_Commission is closing the Court action and dropping infringement proceedings following on from recovery of of alleged State aid from Apple. Always Ireland’s intention to comply with our legal obligations in this regard
— Paschal Donohoe (@Paschald) September 18, 2018
Mashable has reached out to Apple for comment.
In the meantime, here’s a rough approximation of what that money looks like in Apple products.
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