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.

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European Commission opening investigation into Apple acquisition of Shazam

European Commission opening investigation into Apple acquisition of Shazam

Shazam is an amazing app and service -- you let it "listen" to songs that are playing, and it can tell you what the song is, who the artist is, and even let you purchase that song. The way that Shazam is used by millions of users to point them towards streaming services like Spotify or purchase points like iTunes is exactly why Apple is proposing to acquire the service. Now the European Commission is investigating the proposed acquisition to see if it poses an antitrust threat.

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European Commission is eyeing digital tax on tech giants such as Apple

European Commission is eyeing digital tax on tech giants such as Apple

The European Commission, Europe’s anti-trust and consumer investigation agency, is set to unveil proposals today for a digital tax on U.S. tech giants such as Apple that could further intensify the trade row pitting the European Union (EU) against President Trump. The EU is a political and economic union of 28 member states that are located primarily in Europe.

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Ireland to collect back taxes from Apple (reluctantly)

Ireland to collect back taxes from Apple (reluctantly)

The Irish government will comply with the EU ruling to collect 13B (about $14.5 billion) in back taxes from Apple, but isn’t happy about the prospect. The country worries about being held accountable for any depreciation on the money, which will go into an escrow account if the tech giant should win an appeal at some point and need a refund.

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Feds oppose retroactive European tax bill filed against Apple

Feds oppose retroactive European tax bill filed against Apple

A report from Reuters claims that two sources within the Trump administration have filed with the European Union General Court to opposition the $14.8 billion mandate by the European Commission against Apple. One of the two sources claims the appeals court will heard the case in late 2018.

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European Commissioner: Ireland is taking too long to recover unpaid Apple taxes

European Commissioner: Ireland is taking too long to recover unpaid Apple taxes

European Commissioner for Competition Margrethe Vestager has criticized Ireland over the length of time it is taking to recover unpaid Apple taxes. In an interview with CNBC, the Danish politician complained that the Government is "taking too long" on the issue but is hopeful that the €13 billion will be retrieved from the Cupertino tech giant "very soon."

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