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The European Commission ruled previous year that a tax deal that Ireland gave Apple was illegal, and that it owed the country $14.5 billion in back taxes.

Ireland has said that negotiating the terms of that fund is what has held up its collection of the money, but the European Commission said that the action it has taken against Ireland for failing to follow the 2016 ruling will proceed until the money is collected in full.

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The Republic of Ireland has been giving Apple a sweetheart deal which has meant in many years the company has been paying an effective tax rate of 1% to as low as 0.005 percent, and the European Union has not been happy about it.

On Monday, the Irish government said that an agreement had been reached "in relation to the framework of the principles that will govern the escrow arrangements," so that the country can begin collecting about $15 billion in unpaid taxes from Apple as early as next year.

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What did Apple do exactly to warrant a payment as big as €13 billion?

The government have come to an agreement with Apple for the contested €13 billion tax bill that the company was ordered to pay Ireland.

Amazon denied it owed any back tax, saying it did "not receive any special treatment from Luxembourg".

In a statement, Apple said that it remains confident the court will overturn the commission's decision once it has reviewed the evidence. The deal had allowed Apple to pay an effective corporate tax rate of one percent on its European profits in 2003, down to as low as 0.005 percent in certain years, according to Vestager.


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