Ireland Chooses BNY Mellon To Manage Apple Escrow Fund

www.oann.com | 1/19/2011 | Staff
josh567 (Posted by) Level 3
DUBLIN (Reuters) – Ireland has chosen Bank of New York Mellon to administer an escrow fund of up to 15 billion euros ($18.6 billion) in disputed taxes that the European Commission ordered the government to collect from Apple.

The European Commission ruled in August 2016 that Apple had received unfair tax incentives from Ireland and last October said it was taking Dublin to the European Court of Justice over delays in recovering the money.

Apple - Dublin - Ruling - IPhone - Maker

Both Apple and Dublin are appealing the original ruling, saying the iPhone maker’s tax...
(Excerpt) Read more at: www.oann.com
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