Apple agrees to cough up for $15 billion Irish tax bill

Apple to begin paying Ireland back taxes from early 2018

The government have come to an agreement with Apple for the contested €13 billion tax bill that the company was ordered to pay Ireland.

The government said in a statement late on Monday (4 December) that an agreement had been reached "in relation to the framework of the principles that will govern the escrow arrangements".

The announcement comes after some tension with Brussels, which referred Ireland to the European Court of Justice in October of this year for failing to collect the back taxes.

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As a result of both parties contesting the ruling, the matter is now awaiting a European Court of Justice decision, and the money will be paid into the escrow account in the interim.

The Cupertino firm was found to owe the money in a ruling in 2016 which found that Apple and Irish tax officials had made deals between 1991 and 2007 which amounted to state aid.

Past year the EC said that tax benefits received by the company in Ireland were in fact illegal under European Union law, and ordered that an outstanding €13bn ($15.3bn) tax bill be settled.

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The $15,4 billion will start flowing into Irish coffers in Q1 2018, but Apple continues to deny any wrongdoing.

Both Apple and Ireland have argued against the ruling.

"The Commission's case against Ireland has never been about how much Apple pays in taxes, it's about which government gets the money".

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Earlier this month, Irish Prime Minister Leo Varadkar said that he did not "want to be in a situation where the Irish Government has to take Apple to court because the European Commission is taking the Irish Government to court".

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