Apple Holds on to Tax Billions as Irish Set to Miss Deadline

Apple Holds on to Tax Billions as Irish Set to Miss Deadline
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Ireland is set to miss a deadline to hire managers for Apple’s tax billions during an appeal of a European Union antitrust ruling, the latest delay in a saga that has dragged on for more than a year, according to Bloomberg.

The Irish debt office is hiring custodians and investment managers for the estimated 13 billion euros in back taxes Ireland has been ordered to collect from the iPhone maker. It had planned to award contracts by mid-November, according to tender documents it issued in July and September.

As of Thursday, no one has been hired. The processes is ongoing and the timetables in the tender documents were only for guidance, a spokesman for the agency said in an email response to questions.

The European Commission has referred Ireland to the European Court of Justice for failing to recoup the Apple money quickly enough. The money, which was initially due by Jan. 3, won’t be collected for another six months at least, the EU said in October.