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Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: I want to ask about the export guarantee account, which Mr. McCarthy said is dormant.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: Why is that?

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: What I am trying to figure out is why it is a dormant account.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: I know but-----

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: It is called the export guarantee account here.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: In relation to the Apple escrow account, is there a breakdown of legal or consultancy costs for advice that the Government may have got or for legal representation?

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: Are legal fees included in the-----

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: Okay.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: I propose that we would seek information on the costs of that.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: Yes, the cost of the Government taking the case not to accept the €14 billion.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: I propose that we request that but also information on any spending on consultants or expert advice in terms of what the Government would do with that. That would be useful.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: I am not sure if Mr. McCarthy is familiar with discussions going back three or four years about the escrow account and how the total sum therein seemed to be depleted at times. Can he share any information he has on that and remind us why the overall figure seemed to be decreasing at times.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: Do I take it that the €300 million or thereabouts that was withdrawn went to another government who claimed that share of the tax?

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: It was European government obviously.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: I propose that we request information on what other governments have drawn moneys from the fund and have been beneficiaries of it while Ireland was taking a case to not accept the money in it.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: Yes, but another state benefited from it.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: I remember that there was a period when it was in decline because of negative interest rates.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: No large depletions. Thanks for that. Deputy Catherine Murphy wants to come in on the financial statements.

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: A question arises in that regard that I want to draw to the attention of the committee. There are some people who may be more advanced in years and who own a second or third house. They are retired now. They are not online and they do not have a computer or a smartphone. I have come across a couple of cases where people had extreme difficulty, despite extensive efforts, registering...

Public Accounts Committee: Business of Committee (19 Sep 2024)

Brian Stanley: It is 27%.

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