Ireland to Release $15 Billion Apple Escrow Fund Post-EU Court Ruling

The Irish government announced the release of Apple's $15 billion escrow fund after the EU's top court deemed Ireland's tax treatment of Apple unlawful. Ireland has since updated its tax system, refuting claims of preferential treatment. The updated tax rules align with international agreements.

In a significant move, the Irish government announced plans to release Apple's escrow fund of $15 billion following a ruling by the European Union's top court.

The court found that Ireland's past tax treatment of Apple constituted unlawful aid, a situation Ireland has since corrected through extensive tax reforms.

The government emphasized that it does not give preferential tax treatment, aligning its tax rules with international standards.