Apple starts paying back taxes to Ireland

Apple has started paying their back taxes to Ireland, which unless they can get the courts to overturn them, come out to a whopping 13 billion Euros ($15 billion USD). In the grand scheme of things this won't hurt Apple too much if the decision stands up but it is an interesting start as countries go after big businesses that have been avoiding taxes with elaborate schemes. Reuters has the story.

The European Commission ordered Apple in August 2016 to pay the taxes it ruled it had received as illegal state aid, as part of its wider drive against what it says are sweetheart tax deals usually used by smaller states in the bloc to lure multinational companies and their jobs and investment.