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- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)
...year before last and is currently sitting with about €6 billion in assets largely invested in short-term investments ready to form some of the initial contributions to new planned funds. Lastly, we have the Ireland Apple escrow fund, established in 2018. The NTMA is responsible for the oversight and management of the fund, in accordance with the escrow framework deed and through...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)
Bernard Durkan: ...and can get into an electric car or truck and drive in any direction they wish to go about their business. The Cathaoirleach will be glad to know I am coming to an end. I get worried about the Apple escrow fund from time to time. Occasionally, someone raises the issue. For example, it has been raised in the European institutions in recent weeks, with doubt cast over it. To what extent...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)
Mr. Pat Leahy: I will comment on the Apple case, which has been ongoing since 2014. It is a long-standing case at this stage. The European Commission has powers under EU state aid rules to bring that type of case and engagement. It determined that state aid had been given. The State was required to recover that money, which was circa €14 billion at the time, from the company. ...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)
John McGuinness: The witnesses might make short comments. We are due to break at 3.30 p.m., so I will conclude this meeting then. The witnesses might provide us with a note on the Apple case, including its background. They do not need to go into great detail on it. Rather, their note should give us the general picture.