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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.

Apple pays fine
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)

Next Story

55% of iPhones in Last 4 Years Running iOS 13: Apple

The company has already released four updates to iOS 13 since the initial release, iOS 13.1, iOS 13.1.1, iOS 13.1.2, and iOS 13.1.3 with various bug fixes along with performance improvements

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iPhones are on display at an Apple store in Prince William Country, Virginia. (Photo: Diaa Bekheet) VOA

Apple has revealed that 55 per cent of iPhones introduced in the past four years have been running the latest version of the company’s mobile operating system iOS 13.

While, 38 per cent of all iPhones introduced during the past four years were running iOS 12, 7 per cent of the devices were having an earlier version of the application.

The company has also reported that 50 per cent of all the iPhones are running on iOS 13, while 41 per cent on iOS 12, 51 per cent on iOS 13 and, 8 and 9 per cent of devices with earlier versions.

apple, software, updates, iOS
An Apple company logo is seen behind tree branches outside an Apple store in Beijing, Dec. 14, 2018. VOA

Apple has broken down the stats between both iOS 13 and iPadOS which were launched at different times earlier this year.

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Additionally, 33 per cent of all iPad devices on iPadOS 13, followed by 51 per cent on iOS 12 and 16 per cent on earlier releases.

The company has already released four updates to iOS 13 since the initial release, iOS 13.1, iOS 13.1.1, iOS 13.1.2, and iOS 13.1.3 with various bug fixes along with performance improvements. (IANS)