We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
Automated tax workflows with secure APIs.
Collaborate securely on your tax data
Share This Article
|
|
According to a release from Ireland's Department of Finance, Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, signed an Escrow Framework Deed with Apple on 24 April 2018 setting out the agreement for the recovery of State aid. The recovery of State aid is a result of the negative decision adopted by the European Commission on 30 August 2016 concluding that Ireland gave illegal tax benefits to Apple worth approximately EUR 13 billion. Despite pending appeals against that decision ({News-2017-02-24/A/7-previous coverage}), Ireland is still required to recover the "alleged" illegal State aid. Payments to accounts established for...