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Ireland, Apple Agree To Put $15B In Escrow For Tax Dispute

Law360, New York (December 4, 2017, 6:49 PM EST) -- The Ireland Department of Finance announced it has reached an agreement with Apple Inc. to put nearly $15 billion in escrow while its dispute with the European Commission over alleged unpaid taxes proceeds through the courts.

The government announced the deal on Monday, while European Commissioner for Competition Margrethe Vestager met with Irish Finance Minister Paschal Donohoe on the issue.

The European Commission in 2016 accused Ireland of providing as much as €13 billion ($15.5 billion) in impermissible state aid through a tax agreement with Apple that...
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