Apple Still Has $5.8 Billion to Pay After EU’s 2016 Tax Demand

apple still has billion to pay after eus tax demand
Apple Still Has $5.8 Billion to Pay After EU’s 2016 Tax Demand

Apple Inc. must still pay 5 billion euros ($5.8 billion) to comply with a European Union back-tax order, nearly two years after the company’s fiscal deals with Ireland were ruled illegal. Apple has now paid 9 billion euros — or almost two-thirds — of the 13 billion euros in back taxes and 1 billion euros of interest it was ordered to transfer to Ireland, the company said in a regulatory filing late Wednesday. The tax money will be held in an escrow account while Apple and Ireland fight the EU order at court, which will take years.

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