expected primary-expression before ' ' token Ireland expected to recover disputed taxes from Apple in Q1 2018

Ireland expected to recover disputed taxes from Apple in Q1 2018.
Progress has been made to recover up to €13 billion in disputed taxes from Apple, with Ireland and the US tech giant reaching an agreement over the terms of the escrow account where the money will be transferred.

The deadline for Ireland to implement the European Commission's ruling to collect the back taxes had been January 3, 2017, the commission said in October, adding that it would be taking Ireland to the European Court of Justice for failure to collect the taxes despite considerable time passing.

While the case is still pending before the European Court of Justice, Ireland will comply with its obligation to recover the back taxes and keep the money in an account managed by a third party, Irish Finance Minister Paschal Donohoe said on Monday, ahead of a meeting with European Competition Commissioner Margrethe Vestager.

"We have now reached agreement with Apple in relation to the principles for the operation of the escrow fund," Donohoe said, adding that the tendering process to decide who will oversee and manage the account is expected to be completed in January.

expected primary-expression before ' ' token Ireland expected to recover disputed taxes from Apple in Q1 2018
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Science & Technology	Upload TimePublished on 4 Dec 2017

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