Apple cuts €200m from Irish tax fund

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

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 ...