Apple agrees to pay over $15 billion to Ireland in back taxes

According to a top Irish official, Apple has agreed to to pay Ireland around $15.4 billion in back taxes. “We have now reached agreement with Apple in relation to the principles and operation of the escrow fund,” Finance Minister Paschal Donohoe told reporters before a meeting with European Competition Commissioner Margrethe Vestager, per Reuters.
Read more: https://arstechnica.com/tech-policy/2017/12/apple-agrees-to-pay-over-15-billion-to-ireland-in-back-taxes/?source=Snapzu