Ireland says yet to agree exact date for Apple to start transferring tax funds

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A man looks at the screen of his mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. REUTERS/Aly Song
DUBLIN (Reuters) – Eire expects Apple to start paying nearly 13 billion euros ($15.36 billion) in back taxes into an escrow account after it’s build for the stop of January, but a precise date has still to be agreed.

Greater than a 12 months after the European Union purchased that the tax be gathered subsequent its ruling which the iPhone maker been given unfair tax incentives from Ireland, Dublin’s sluggish rate in recovering the money has landed it in court.

“When it’s going to move in and exactly how it’s going to transfer in, we’ve still to conclude with Apple but I be expecting that course of action to begin whenever we have concluded (the placing up with the escrow account),” Finance Minister Paschal Donohoe instructed state broadcaster RTE.

Each Dublin and Apple are desirable the record EU get.