Almost $1 billion wiped from Apple’s massive contested Irish tax fund
A 14.3 billion euro escrow fund holding a massive disputed tax bill for Apple and the Irish government has shrunk by over a billion dollars in value due to global financial headwinds. Back in 2018, the European Commission decided that Apple and the Irish government's tax arrangement was less than satisfactory, and ordered the Cupertino company to cough up an eye-watering €14.3 billion in taxes plus interest the bloc judged Apple owed the country. Bizarrely, neither Apple nor Ireland wants to see this money handed over,…