KXIP vs KKR Live Score

Ireland has now struck a deal with Tech giant Apple, to make a collection of up to 13 billion euros ($15 billion) mentioned as back taxes and then hold it in an escrow account, that has a pending appeal before the Court of Justice of the European Union.

As part of the EU's 2016 ruling, it said that the tax arrangements Ireland offered Apple between 1991 and 2007 meant that Apple only had to pay tax rates between 0.0005 percent and 1 percent on all of its European profits right up until 2014.

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.

However, last year, the Commission came to the ruling that this is an example of illegal state aid and threatened Apple with harsh consequences if it didn't cough up $13 billion in owed taxes.

Yankees Name Aaron Boone Next Manager
The average age of Girardi's first seven Yankees rosters was always between 29.3 and 31.8 years, according to Baseball Reference. Apparently, Boone was the guy who checked most of the boxes.

For several years, Apple has only been paying one per cent on corporation tax in Ireland, but this was due to an agreement between the firm and the country.

"We have a dedicated team working diligently and expeditiously with Ireland on the process the European Commission has mandated", Apple said in a Monday statement according to UPI.

In a statement, Apple said that it remains confident the court will overturn the commission's decision once it has reviewed the evidence.

While in Brussels to "update" Vestager on the agreement, Donohoe said Ireland was still contesting the Commission's ruling, but would be "complying with our obligations in terms of collecting the money from Apple".


COMMENTS