Thursday June 4, 2020

Apple cuts €200m from Irish tax fund

Apple has transferred more than €14 billion to an NTMA escrow account

Ian Guider

Markets Editor

3rd November, 2019

Apple has cut almost €200 million from the amount of money the Irish state has recovered from the iPhone maker – and which is held in an account pending appeals – in order to meet its tax bills in other countries.

The company said last week that the overall amount in a special account set up to hold the cash pending the outcome of the appeal of the European Commission ruling had dropped from €13.1...

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