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Out of Total Tax Fine of $15 billion, Apple Pays $1.77 billion to Irish Government

In August 2016, the European Commission said that Apple benefited from illegal tax benefits in Ireland from 2003 to 2014.

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Additionally, Apple has also made updates to its Worldwide Developers Conference (WWDC) app for iOS, promising bug fixes and performance improvements. Pixabay

Apple has paid $1.77 billion of total $15 billion to the Irish government as it begins to collect tax and interest into an escrow account set up to hold the sum.

“This is the first of a series of payments with the expectation that the remaining tranches will flow into the fund during the second and third quarter of 2018 as previously outlined,” the Irirsh Times quoted Minister for Finance Paschal Donohoe as saying after the first transfer.

In August 2016, the European Commission said that Apple benefited from illegal tax benefits in Ireland from 2003 to 2014.

Meanwhile, Apple and Ireland are still pursuing appeals against a 2016 European Commission’s decision saying the iPhone maker’s tax treatment was in line with Irish and European Union law.

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Apple pays fine to Ireland Government. Wikimedia commons

In 2016, the EU ordered the iPhone maker to pay almost $15 billion in back taxes to Ireland as it believed Ireland had not been collecting enough taxes and instead had been giving companies like Apple too big of a break on its already low 12.5 per cent tax rate.

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Apple has reportedly moved its cash to the small island of Jersey off the south coast of England to avoid further Irish taxation, CNET said in a report.

The Irish government expects that all of the money would be transferred by the end of September. (IANS)

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Apple Releases New Version of its Professional Music Production Software

Apple said that Logic Pro X 10.4.5 has been made available starting Friday as a free update for all existing users

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Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, Aug. 1, 2018. VOA

Apple on Friday released a new version of Logic Pro X, its professional music production software, with optimisations that take advantage of the power of the new Mac Pro.

Logic Pro X 10.4.5 will now support up to 56 processing threads, allowing pro music producers and film composers to work through demanding music projects with ease, Apple said.

With the new Mac Pro, Logic can now run up to five times the number of real-time plug-ins compared to the previous generation Mac Pro.

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FILE – Apple’s App Store app is seen in Baltimore, MD., March 19, 2018. VOA

The new version of the music production software increases the available track and channel count for all users, now supporting up to 1,000 audio tracks and 1,000 software instrument tracks, providing four times the number of available tracks for productions.

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Apple said that Logic Pro X 10.4.5 has been made available starting Friday as a free update for all existing users, and is available on the Mac App Store for Rs 15,500 for new customers. (IANS)