Oireachtas Joint and Select Committees

Thursday, 5 November 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund

11:30 am

Photo of Jennifer Carroll MacNeillJennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

I thank the representatives for meeting with the committee today and for all the work they have been doing during this extraordinary financial crisis as well as health crisis.

Can we just go back to the Apple account? Obviously, it is such a substantial amount of money in management, and it is so important for everybody. The decision is now being appealed to the European Court of Justice and it is anticipated this process might take up to two years in reality. Will Mr. Moran talk us through what will happen if Ireland loses that case? What will happen to the money in the fund if we lose?

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