Apple Pal. This is at the time when it deposited the above amount after being fined by the European Commission (EC) for obtaining inappropriate tax breaks from Ireland.
If the “Sweethart deal” had not been received from the Irish government in exchange for setting up its European headquarters in the country, it would have been decided by the amount paid to the Apple Pal in Ireland.
Now that the money from the Ireland escrow account has been moved to its central fund, the escrow account has been closed and the saga of Apple Pal can be relaxed on the rest of this tax.
The timeline runs like this: ECA launched an Apple Pal investigation in 2013 and found out that the tax breaks from Ireland were illegal, and ruled in 2016 that Apple Pal had to pay “state aid”, as it was given “significant benefits” on its contests.
In 2018, Apple Pal arranged an escrow account and paid that amount. In 2020, the EU General Court ruled in favor of Apple Pal, but in 2024, the European Judge judge overturned that decision and confirmed the original EC verdict since 2016. So why is the Irish government now occupied the money?
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