Oireachtas Joint and Select Committees

Thursday, 19 September 2024

Public Accounts Committee

Business of Committee

9:30 am

Mr. Seamus McCarthy:

There were two significant withdrawals from the escrow account. This is provided for in the escrow agreement. From memory, it was sums in the order of €300 million in each case. There was a tax liability in another jurisdiction on the same profits and it was agreed that there would be withdrawals. I think they were in 2020 and 2022, or maybe it was 2019 and 2021.