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
Mr. Derek Moran:
I do not disagree with any of that. Ultimately, if the Commission had decided not to appeal, we probably would be unwinding the escrow now and the money would be going back to Apple. If one had spent it, one starts borrowing for it, so the money is held separate until the end of the legal proceedings.
No comments