Irish Finance Minister On Apple Back Taxes Says Approximately 8B Euros Will Be Received By Irish Exchequer By End Of 2024
Portfolio Pulse from Benzinga Newsdesk
The Irish Finance Minister announced that approximately 8 billion euros in back taxes from Apple will be received by the Irish Exchequer by the end of 2024.
September 27, 2024 | 3:51 pm
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Apple is set to pay approximately 8 billion euros in back taxes to the Irish government by the end of 2024, as announced by the Irish Finance Minister.
The payment of 8 billion euros in back taxes to Ireland could have a negative short-term impact on Apple's stock price due to the significant financial outflow. However, the market may have already priced in this event, and the long-term impact may be limited.
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