Submitted via IRC for SoyCow1984
The EU deemed Ireland's tax break to Apple illegal in 2016 as it gave the company a "significant advantage" over its competition. Apple was ordered to pay back the taxes it owed for the period between 2003 and 2014, along with interest. Unsuccessful appeals followed until Apple began paying back the money, starting with a $1.76 billion payment in May of this year, into an escrow fund.
"In light of the full payment[*] by Apple of the illegal State aid it had received from Ireland, Commissioner Vestager will be proposing to the College of Commissioners the withdrawal of this court action," European Commission spokesman Ricardo Cardoso said in an email to Reuters.
[*] 13.2 billion Euros ($15.4 billion) in back taxes, plus interest of 1.2 billion Euros ($1.4 billion)
Source: https://www.engadget.com/2018/09/19/apple-pays-irish-tax-bill-eu/
(Score: 0, Disagree) by Anonymous Coward on Friday September 21 2018, @11:38AM (3 children)
WEEEEEEEEEEEEEEEEE!
(Score: 2) by WizardFusion on Friday September 21 2018, @12:06PM (2 children)
Scotch whiskey is from Scotland, not Ireland.
"Scotch Whisky Regulations require anything bearing the label "Scotch" to be distilled in Scotland and matured for a minimum of three years in oak casks, among other, more specific criteria"
(Score: 2) by FatPhil on Friday September 21 2018, @12:22PM (1 child)
(Trolling aside, Connemara's a beautiful peated whiskey, it easily stands shoulder to shoulder with the finest Islays.)
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 0) by Anonymous Coward on Friday September 21 2018, @01:08PM
No need to squander it - won't somebody think of the Leprechauns? Pots of gold have been wearing thin since 3rd world kids learned how to make shoes!