Ireland May Face More Delays in Collecting Apple Tax Billions
- Country will start collecting money in second quarter, PM Says
- EU suing Ireland for not collecting funds quickly enough
EU's Vestager: Continued Disagreement With U.S. on Apple
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Ireland may not start collecting Apple Inc.’s tax billions until the second quarter of this year, the nation’s Prime Minister Leo Varadkar said, signaling another delay in a saga that has dragged on since 2016.
The government plans to choose custodians and investment managers for the estimated 13 billion euros ($15.9 billion) in back taxes Ireland has been ordered to collect from the iPhone maker by the end of March. Apple had been due to start paying an escrow account across the first quarter of 2018, Finance Minister Paschal Donohoe said last month.