Apple - Ireland will collect taxes of 13 billion euros

Apple has been imposed since last year by a decision of the European Commission according to which it must pay 13 billion dollars as retroactive tax for the profit made in Europe. Apple does not agree with the amount and claims that it is too high, but it has deposited 13 billion euros in a special account while the appeal against this decision of the European Commission will be judged, the money also being invested by a financial administrator.

Apple took the amount out of the accounts and deposited it in that special account, and the Irish government announced that it would collect the amount, if Apple loses the appeal against the European Commission's decision. The Irish government also stated that it will collect the amount, but protesting against the decision of the European Commission, which it considers to be a fair one, because Apple respected an agreement concluded with the country's government.

Apple - Ireland will collect taxes of 13 billion euros

Apple Ireland 13 billion euros

Apple paid, based on this agreement, a profit tax of 0.0005%, that is, nothing more, and the European Commission is not too happy with that, so it decided to impose a fair tax on it. The European Commission decided that Apple illegally paid lower taxes to Ireland and thus reached the amount of 13 billion euros as tax for 10 years of activity and profit declared in Ireland, the amount being huge.

Apple has the support of the Irish government, which despite all the protest will have to collect the amount of 13 billion euros deposited by Apple in the special account. Separately, various European countries ask the Apple company for tax for the sales generated in their countries, so for Apple it seems that the period in which it generates huge profit in Europe through tax tactics that turn out to be not so correct is over.

"Finance Minister Paschal Donohoe said the tax rules from which Apple benefited had been available to all and not tailored for the US technology giant. They did not violate European or Irish law, he added. "We are not the global tax collector for everybody else." […] The Irish government has said it will collect the money pending an appeal by Apple."