Dáil debates
Wednesday, 2 October 2019
Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation
12:40 pm
Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source
As I understand it, Apple put €14 billion or so into the escrow account. The account is currently losing money because of negative interest rates. It may well gain money should interest rates become positive again. We do not know what will happen. Nobody can predict the future because we do not know when the court's decision will be made or what will happen to interest rates in the meantime. We can only guess; we cannot know for certain. If the money goes back to Apple, as the Deputy suggests it might, then it will lose the other money to which he refers.
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