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. The Irish debt office is hiring custodians and investment managers for the estimated €13 billion in back taxes Ireland has been ordered to collect from the iPhone maker. The commission sued Ireland in October for failing to collect the taxes quickly enough. DecisionWhile Apple and Ireland appeal the EU decision, regulators had demanded that Ireland hold the money in escrow until the process is complete. The European Commission has referred Ireland to the European Court of Justice for failing to recoup the Apple money quickly enough.

Source: The Irish Times November 16, 2017 17:03 UTC