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First fraction of disputed taxes defrayed by Apple

First fraction of disputed taxes defrayed by Apple

Image credit: Pixabay

Ireland Govt. was pressurized by EU Court of Justice for recovering the tax payment promptly from Apple and Dublin as they were missing the deadline. In August 2016, the EU commission asked Apple, for disbursing the taxes, who on Friday, paid EUR 1.5 bn (12,000 crores) into an escrow account of the Irish government to hold EUR 13 billion( Rs. 1,04,000 crores) in disputed taxes, said Paschal Donohoe, Finance minister.

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