Apple will start paying $15 billion to Irish escrow account from May as legal battle over back taxes continues

In August 2016, the EU ordered Ireland to collect 13 billion euros (around $15 billion) in back taxes from Apple citing illegal tax benefits from 2003 to 2014. Both Ireland and Apple have rejected the judgement and are appealing the decision in a court battle that will last years.

For the time being, the money will be left in an escrow account. It was announced today that Apple will start paying into that account from next month. This will be the largest ever tax recovery of its kind, if the ruling holds up as lawful.

more…

iTunes fills your library w/ new $5 4K + HD movie sale, double features for $10, more

iTunes has a trio of new sales running this morning, offering a wide variety of HD and 4K films for just $5. Some of these come in the form of double feature bundles for $10 or triple features for $15. You’d typically expect to pay around $10-$15 for each film. This is a great way to load up your iTunes library for less. Of course, each film will become a permanent part of your collection. Head below for more.

more…