Apple returns to Ireland 14,300 million illicit tax aids

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Apple returns to Ireland 14,300 million illicit tax aids



The money will remain in an account pending the outcome of the appeals filed by the Irish government and the US group against the European decision to impose the sanction on Apple




  The Irish government announced on Tuesday to have collected from the technological giant Apple the sum of 14,300 million euros that correspond to tax advantages that the European Union considers illegal, money that was entered in a blocked account.

Irish Finance Minister Paschal Donohoe said in a statement that in the second and third quarters of this year Apple entered into this account an amount corresponding to 13,100 million euros in alleged aid from the State and 1,200 million euros of interest.

  Ireland signed with Apple in April an agreement on the establishment of this account under embargo to receive the capital corresponding to the fiscal delays. The money must remain there pending the outcome of the resources presented by the Irish government and the US group against the European decision to impose on Apple to return to Dublin "the undue tax advantages."

The Irish minister reiterated on Tuesday that he does not agree with the EU analysis on this issue, but that this stage shows the commitment of his country to abide by its legal obligations. "It took time to build the infrastructure and legal framework around this embargoed fund but it was essential to protect the interest of all parties," Donohoe explained.

Brussels believes that Apple did not pay enough taxes in Ireland due to a tax agreement reached years ago with Dublin authorities that allowed it to subject only a tiny part of the billions earned in Europe to taxation.

The apple brand transports many of its European income through Ireland, where it has its headquarters for the continent, which also records all the benefits made in Africa, the Middle East and India. The European Commission asked Ireland more than a year ago to start recovering those funds.

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