Apple's €14.3 billion Irish tax break case is officially over
Apple's Irish tax break problems are officially over. Ireland's Department of Finance has reported that the entirety of the €14.25 billion fund in Apple's escrow account for the case has been fully transferred to the Exchequer or Ireland's central fund. The escrow account has, therefore, been closed. This marks the end of one of the world's largest antitrust cases that started way back in 2013 when the European Commission launched an investigation to determine whether Apple was enjoying better tax rates than warranted under the bloc's laws. <br /> The commission found that the tax breaks Ireland gave Apple back then was illegal shortly after its investigation started. Then in 2016, after years of investigation, the commission ruled that the company ha [...]
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