Apple will place the first deposit of its Irish tax bill in an escrow account in May

Apple will place the first deposit of its Irish tax bill in an escrow account in May

Apple will place the first deposit of its € 13 billion (approximately $14 billio) Irish tax bill in an escrow account next month, Minister for Finance Pascal Donohoe says. He added that he would be signing the escrow framework deed, which sets out the legal agreement regarding the recovery of the alleged state aid with the tech giant later today, reports The Irish Times.

Read More

Apple reportedly frustrated with the delay in approval for its Ireland data center

Apple reportedly frustrated with the delay in approval for its Ireland data center

Apple has raised concerns about the delay in Ireland’s planning process in correspondence relating to the application for a data center in Athenry, Ireland, according to the Connacht Tribune. The tech giant has been seeking planning permission for an 850 million euro data center development in Athenry for almost three years.

Read More

Grand Court nixes U.S. government’s efforts to back Apple in ongoing taxes brouhaha

Grand Court nixes U.S. government’s efforts to back Apple in ongoing taxes brouhaha

The European Union’s Grand Court has rejected an U.S. government request to intervene in Apple’s fight against an EU order on back taxes. The Cupertino, California-based company is appealing an order to pay approximately $15.3 billion in back taxes to Ireland due to illegal tax breaks. 

Read More