US tech giant Apple has provisionally agreed to pay back Ireland €13 billion in what the EU called illegal state aid.
The money will begin to flow into an escrow account in January, where it will remain blocked pending a definitive ruling on the case by the EU Court of Justice in Luxembourg.
An escrow account is one held by a third party while the two main participants complete their transaction.
"We expect the money will begin to be transmitted into the account from Apple...
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Already a member? Login hereAndrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.