Apple moving $9 billion in assets to Ireland | iLounge News

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Apple moving $9 billion in assets to Ireland

Despite a bitter legal fight over its tax agreements, Apple is moving even more assets to Ireland, The Business Post reports. The company has relocated its international iTunes business to a data center in Hollyhill, Ireland from its current location in Luxembourg. The Hollyhill facility will now manage “iTunes business and content stores for more than 100 countries,” amounting to an estimated $9 billion in assets. Apple has been clear that it remains committed to doing business in Ireland even as it fights a ruling from the European Union that ordered the company to pay Ireland $14.5 billion in back taxes. [via Apple Insider]

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