Apple repays Ireland 14 billion in ‘illegal tax benefits’

Artur Widak

Apple stumped up a lot of euros on Tuesday.
Image: Artur Widak/NurPhoto via Getty Images

Apple’s tax relationship with Ireland has been making headlines for years now. 

Ever since the establishment of the so-called “sweetheart deal“, which allowed Apple to pay tax that sometimes fell as low as 0.05 percent in the country, the arrangement has been raising questions.

These questions led to the EU Commission concluding, back in 2016, that “Ireland gave illegal tax benefits to Apple worth up to €13 billion”.

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Well, flash forward to September 18, 2018, and the company has paid up.

That tweet above is from the European Commissioner for Competition. The tweet below, meanwhile, was posted by Ireland’s Minister for Finance.

Mashable has reached out to Apple for comment.

In the meantime, here’s a rough approximation of what that money looks like in Apple products.

Original Article : HERE ; This post was curated & posted using : RealSpecific

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