The European Regulators ruled previously that Ireland had to collect €13 billion in tax from Apple. The ruling came after the regulators said that the tax deal between Ireland and Apple was illegal.
Both Apple and the Irish Government are appealing the ruling by the European Commission.Now it would appear that the EU may actually fine Ireland for not collecting the tax.
According to a recent report by Bloomberg, Ireland could be fined by the EU for not collecting the €13 billion from Apple. The European Regulators may issue a non compliance action to the Irish Government.
Whilst both Apple and the Irish Government are appealing the ruling, the money will have to be held in Escrow. It is now clear as yet on how much the fine is that the EU regulators intends to place on Ireland.
Source Apple InsiderFiled Under: Apple