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Apple pays Ireland first tranche of disputed taxes

Reuters  |  DUBLIN 

DUBLIN (Reuters) - Apple has paid 1.5 billion euros ($1.76 billion) into an escrow account set up by the Irish government to hold 13 billion euros in disputed taxes, Finance Minister Paschal Donohoe said on Friday.The European Commission ordered Apple in August 2016 to pay the taxes it ruled it had received as illegal state aid, as part of its wider drive against what it says are sweetheart tax deals usually used by smaller states in the bloc to lure multinational companies and their jobs and investment.Both Apple and Dublin are appealing the ruling, saying the iPhone maker's tax treatment ...

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First Published: Fri, May 18 2018. 19:38 IST
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