The announcement comes after some tension with Brussels, which referred Ireland to the European Court of Justice in October of this year for failing to collect the back taxes. The app is already raising concerns with some advocacy groups about privacy issues.
According to a new report from the Wall Street Journal, Apple and Ireland have reached an agreement on the terms of an escrow fund, allowing the transfer of roughly€13 billion in allegedly unpaid taxes that the European Union ordered Dublin to retrieve, beginning in the first quarter of next year, Ireland's finance chief said.
"Irish Finance Minister Paschal Donohoe made the remarks to reporters Monday ahead of a meeting with EU antitrust chief Margrethe Vestager", reads the report.
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The tax arrangements, set up in 1991 and 2007, let Apple pay.005-percent and 1-percent tax rates on its European profits.
"We have a dedicated team working diligently and expeditiously with Ireland on the process the European Commission has mandated", Apple said in a statement. Both are continuing to appeal the decision and the money will sit in an escrow fund while they do so.