Apple has made a string of investments in the country over the last few years, and the Irish Government fears that the tax bill will affect jobs. Since then though, it seems that Apple has reached an agreement with Ireland to pay back €13 billion in back taxes.
"We expect the money will begin to be transmitted into the account from Apple across the first quarter of next year".
Earlier this month, Irish Prime Minister Leo Varadkar said that he did not "want to be in a situation where the Irish Government has to take Apple to court because the European Commission is taking the Irish Government to court". "Until the illegal aid is recovered, [Apple] continues to benefit from an illegal advantage, which is why recovery must happen as quickly as possible", the Commission said in a statement at the time.
Ireland has struck a deal with Apple to collect up to €13bn (£11.45bn, $15bn) in back taxes and hold it in an escrow account, pending an appeal before the Court of Justice of the European Union. The Cupertino, Calif. -based tech company said in a statement that it remains confident the court will overturn the ruling once evidence has been reviewed.
While in Brussels to "update" Vestager on the agreement, Donohoe said Ireland was still contesting the Commission's ruling, but would be "complying with our obligations in terms of collecting the money from Apple".
Both Apple and the Irish government have appealed the ruling, but the position in the meantime is that the amount must be collected.
Local mall offers "Sensory Santa" event for children with Autism
So in years to come, when families look back on their holiday photos, they can remember a good day with snacks, family and Santa. According to Autismspeaks.com, Santa Cares is a sensory-friendly Santa photo experience in partnership with Cherry Hill Programs.
Samsung is bringing a huge 512GB storage chip to its phones
As for speed, Samsung says that the 512GB eUFS is able to offer read and write speeds of up to 860MB/s and 255MB/s, respectively. The new 512GB UFS device consists of eight 64-layer 512-gigabit V-NAND chips stacked together with a controller chip.
The Winklevoss Twins Now Appear to Be Bitcoin Billionaires
However, it seems Bitcoin's enormous popularity is slowly gaining traction among private entities and financial regulators. Of course, the other side of the argument suggests that bitcoin's value is peaking, and a sharp decline is inevitable.
Boss wants Hazard deal
I think he has a lot of improvement. "In that moment you are at the top otherwise you are a great player, but only a great player".
White House infested with cockroaches, mice, ants
He added that maintenance projects at the White House are especially challenging due to the building's status as a historic site. It certainly looks grand on the outside, but the White House appears to be plagued with cockroaches, mice and ants.
Disney Resumes Talks to Buy Most of 21st Century Fox's Assets
The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.01. ILLEGAL ACTIVITY NOTICE: This article was published by The Lincolnian Online and is the property of of The Lincolnian Online.