In August 2016, the European Union ordered Ireland to start collecting back taxes from Applu, totaling $15 billion. Ireland granted the Cupertino company unauthorized tax benefits amounting to the amount between 2003 and 2014, allowing the technology giant to pay significantly lower taxes than other companies for many years. Ireland and Apple they reject the verdict and appeal to the court to decide.
Currently, the money will be ponekhans in an escrow account. Today it was announced that Apple will start repaying the debt from next month. This should be the highest tax refund, if the court decides that the decision of the European Union is justified, which can be expected according to some experts.
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Apple however, even Ireland does not agree with the decision of the European Union. It took quite a while to decide when Apple will start paying the debt. Last year, Ireland was fined for failing to collect taxes back from Applu. The payment plan was published in January and payments will start accumulating in the account from May, with the full amount expected to be in the account in September.
Ireland offered AppThe tax rate is 0,5%. However, the European Union has characterized the tax rate as a special agreement that is not legal. It will take several years for the legal dispute to be resolved because the tax laws are really extensive.
