Apple pays $1.77bn of total $15bn tax fine to Ireland
San Francisco, May 20: Apple has paid $1.77 billion of total $15 billion to the Irish government as it begins to collect tax and interest into an escrow account set up to hold the sum.
"This is the first of a series of payments with the expectation that the remaining tranches will flow into the fund during the second and third quarter of 2018 as previously outlined," the Irirsh Times quoted Minister for Finance Paschal Donohoe as saying after the first transfer.
In August 2016, the European Commission said that Apple benefited from illegal tax benefits in Ireland from 2003 to 2014.
Meanwhile, Apple and Ireland are still pursuing appeals against a 2016 European Commission's decision saying the iPhone maker's tax treatment was in line with Irish and European Union law.
In 2016, the EU ordered the iPhone maker to pay almost $15 billion in back taxes to Ireland as it believed Ireland had not been collecting enough taxes and instead had been giving companies like Apple too big of a break on its already low 12.5 per cent tax rate.
Apple has reportedly moved its cash to the small island of Jersey off the south coast of England to avoid further Irish taxation, CNET said in a report.
The Irish government expects that all of the money would be transferred by the end of September.
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Adityanath govt has completely failed to maintain Taj Mahal, alleges Akhilesh
Lucknow (PTI): Samajwadi Party supremo Akhilesh Yadav on Thursday raised questions over maintenance of the Taj Mahal in Agra and attacked the Yogi Adityanath government saying it should be a "living and active" example, not just a "monument".
Yadav, who shared a viral video in which a plant could be seen sprouting from the dome of the Taj Mahal, said the monument might develop cracks due to the roots.
In a post on X, he said, "The BJP government and its dormant departments have completely failed to maintain the Taj Mahal, the wonder that attracts tourists from all over the world."
Yadav went on to say, "There is a possibility of rusting of the metal of the urn on the main dome. Water is dripping from the main dome. There is news of plants growing in the dome. If the roots of trees like these grow, then the Taj Mahal may crack."
He also highlighted problems of monkey menace and water logging in the Taj Mahal complex.
"The Taj Mahal complex has become a sanctuary for monkeys. There is a problem of waterlogging in the Taj Mahal complex. The tourists are worried whether they should admire the Taj Mahal or deal with the problems," Yadav said, adding due to all these reasons, the country's image is tarnished at the global level.
Last week, the main dome of the Taj witnessed water seepage due to incessant rains but officials said there was no damage to the arched roof.
Yadav asked where crores of rupees of funds that come for the maintenance of Taj Mahal are going.
"The government should be a living and active example, not just a monument," he added.
