The government have come to an agreement with Apple for the contested €13 billion tax bill that the company was ordered to pay Ireland.
To view the full article, register now. The payments are expected to be made in the first quarter of 2018, according to Irish finance minister Paschal Donohoe.More news: LaVar, LiAngelo Ball Discuss Shoplifting Incident, Decision to Leave UCLA
The European Commission had ordered Ireland to collect the money after concluding that two Irish tax rulings allowed Apple to pay less tax than other businesses - thus giving them an unfair advantage.
Having long disputed the ruling and failing to collect the tax, the case was sent to the European Court of Justice. This is necessary to defend the integrity of our tax system; to provide tax certainty to business; and to challenge the encroachment of European Union state aid rules into the sovereign Member State competence of taxation.
But Apple executives later told Reuters that it plans to appeal the ruling at Europe's second-highest court, saying the company had been targeted because of its success.More news: Separate Margot Robbie Harley Quinn Movie In Development
"We have a dedicated team working diligently and expeditiously with Ireland on the process the European Commission has mandated", Apple said in a statement.
However, Apple added that it remains confident that the court will overturn the commission's decision after reviewing and reading the evidence they have presented in their defense.
Both Apple and the Irish government have appealed the ruling, but the position in the meantime is that the amount must be collected.More news: Josh McDaniels gets an earful from Tom Brady on sideline