Apple will start paying $16 billion in back taxes to Ireland (AAPL)

Apple was hit by the European Commission with a $16 billion bill for back taxes in 2016.
It's starting to pay the funds into an escrow account.
Apple will appeal the ruling.
It's time for Apple to pay the tax man.
Apple has to pay €13 billion, or about $16 billion, as part of a record-breaking back tax judgment from August 2016.
Basically, the European Commission, led by Margrethe Vestager, said that Apple had received special treatment from Ireland that ended up cutting its tax bill by bil