Apple Has Partially Paid Back Taxes to Ireland
In August 2016, the European Commission proclaimed that Apple had illegally received state aid in Ireland and subsequently obliged the company to repay all the underpaid taxes. The case against Apple was opened as part of the EU policy against sweetheart tax deals that smaller states use to attract multinational corporations.
However, the Irish government, as well as the Cupertino technology giant, filed their appeals, stating that neither Irish nor European laws were violated by Apple.
The deadline for Ireland to recover the money from Apple was set on January 3, 2017, four months from the proceedings. In October 2017, the money wasn’t collected yet, and the Commission decided to refer Ireland to the European Court of Justice for failing to implement its decision.
Dublin reported it was only hoping to conclude all calculations and collect the money by March 2018, as such a huge amount cannot be recovered in a blink of an eye.
Finally, in March 2018, In March, Ireland hired three investment firms — Goldman Sachs, Amundi and BlackRock — to manage the back taxes from Apple and to make appropriate investment decisions in favor of Irish citizens.