2018′ Q1 account in Ireland expects Apple back tax in escrow account

2018′ Q1 account in Ireland expects Apple back tax in escrow account: apple store dublin apple store cork apple ireland refurbished apple store dublin grafton street apple ireland contact apple store ireland locations apple cork apple ireland jobs. 

Meanwhile ireland are expecting iPhone maker apple to start paying up to 13 billion euros ($15.4 billion) in back taxes into an escrow account in the first quarter of 2018, the finance minister said on Monday.

Furthermore the European Commission mentioned that the record sum was the result of apple receiving unfair tax incentives from Ireland.

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Furthermore more than a year after the EU order, Dublin’s slow pace in recovering the money has landed it in court. Ireland is now looking for an investment manager and a custodian to operate the account and expects to appoint both next month.

Meanwhile we have now reached agreement with apple in relation to the principles and operation of the escrow fund,” Finance Minister Paschal Donohoe told reporters before a meeting with European Competition Commissioner.
However we expect the money will begin to be transmitted into the account from Apple across the first quarter of next year.”  Both Dublin and Apple have challenged the EU order.
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