Apple agrees to pay Ireland €13bn in back taxes after European Union challenge

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The European Commission ruled past year that a tax deal that Ireland gave Apple was illegal, and that it owed the country $14.5 billion in back taxes.

With Apple's appeal still in process, the tax payments will be made into an escrow account.

The ruling by the European Commission a year ago stated that Apple had to pay the fee as it had received unfair tax incentives in Ireland.

For several years, Apple has only been paying one per cent on corporation tax in Ireland, but this was due to an agreement between the firm and the country.

While the appeals are still ongoing, the European Commission ordered Ireland to begin collecting Apple's taxes on January 3, and the organization referred Ireland to the EU Court in October for failing to comply with the deadline.

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Finance Minister Paschal Donohoe told reporters before a meeting with European Competition Commissioner Margrethe Vestager on Monday that Ireland and Apple had reached an agreement to "the principles and operation of the escrow fund" into which the U.S. iPhone maker was expected to pay the money.

The Irish government must now put the sums in a blocked bank account while waiting for the result of Apple's and its own appeal to the European Commission.

"The Commission's case against Ireland has never been about how much Apple pays in taxes, it's about which government gets the money". "We remain confident the General Court of the European Union will overturn the Commission's decision once it has reviewed all the evidence".

Apple also said that it is "the largest taxpayer in the world" and that it "pays every dollar it owes in every country around the world".

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