Apple makes EU agreement to pay $ 15.4 billion in taxes for Ireland:
According to Wall Street news, the big giant Apple has reveal the news about its new agreement with the European Union to pay a total of 15.4 billion dollars (13 billion euros) in rates back to Ireland.
According to company the original decision on payment was published last 2016 year by Justice. The Irish government itself had been resisting until then to receive this amount, which should start to be paid by Apple in the first quarter of 2018.
Reason because the country has been uses the collection of extremely low taxes just as a way to attract investments from foreign companies from long time, such as Apple, which paid only 0.005% on all its profit in Europe between 2003 and 2014 with the help of subsidiaries by the continent.
Apple state that “We have a dedicated team working promptly and with Ireland in the process initiated by the European Commission,”.