Ireland signs landmark agreement to recover Apple taxes

Rodiano Bonacci
Aprile 24, 2018

The Irish government announced that it's signed an agreement with Apple that will see the company pay the Euro 13 billion in taxes claimed by the European Commission into an escrow account by the end of Q3.

The money is expected to be paid into the account by the third quarter of this year pending an appeal against the European Union ruling by Apple and the Irish government, the ministry said.

Mr Donohoe said the agreement "is a significant milestone with regard to the commencement of the recovery of the alleged State aid, as the Escrow Framework Deed is the overarching agreement which will govern the collection and eventual payment of funds".

In October, the European Commission referred Ireland to the European Court of Justice, after it missed a January deadline to recover over €13 billion in tax breaks given to Apple, deemed illegal state aid.

The formal signature is expected later on Tuesday and the money will go into an escrow account, a type of third-party account used in transactions, the finance ministry said in a statement.

Mr Donohoe said while the Government disagreed strongly with the European Commission's original decision, he always made it clear that it will adhere to its ruling as it prepares its appeal case.

The government claimed that Apple has paid the full amount due to the Irish state from 2004 to 2014 and denies it gave it "selective treatment".

He said he executed Ireland's appeal to be heard this autumn and said so far €3m euro has been spent on it, but the taxpayer will not be on the hook for this money.

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