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Ireland stumbles and misses deadline to hire managers to manage Apple's Billions during their Tax Appeal Period

1 cover Ireland's finance minister

 

In early October Patently Apple posted a report titled "As Predicted, the EU has issued a Non-Compliance Action against Ireland for Not Collecting Apple's Taxes on Time." The European Commission said it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc, a move labeled as "regrettable" by Dublin.

 

On August 11th we reported that Ireland and Apple were close to a deal over holding billions of Euros during the EU tax ruling appeal process. Today a new report by Bloomberg states that "Ireland is set to miss a deadline to hire managers for Apple Inc.'s tax billions during an appeal of a European Union antitrust ruling, the latest delay in a saga that has dragged on for more than a year.

 

The Irish debt office is hiring custodians and investment managers for the estimated 13 billion euros ($15.3 billion) in back taxes Ireland has been ordered to collect from the iPhone maker. It had planned to award contracts by mid-November, according to tender documents it issued in July and September.

 

As of Thursday, no one has been hired. The processes is ongoing and the timetables in the tender documents were only for guidance, a spokesman for the agency said in an email response to questions. For more on this story, read the full Bloomberg report here.

 

Back onAugust 16th a report from Berlin noted that "The Irish government has said it will collect the money pending an appeal of the ruling by Apple, but Donohoe said it was not Dublin's job and the request was not justified. He further stated that "We are not the global tax collector for everybody else."

 

What the politics could be, if any, for not announcing a management team to watch over Apple's billions on time is unknown at present. Did the revelations found in  the 'Paradise Papers' play a role, or is it that they're simply putting the finishing touches on a new management team and the press is jumping the gun? Only time will tell.

 

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