Written answers

Wednesday, 18 September 2024

Department of Finance

Apple Escrow Account

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Social Democrats)
Link to this: Individually | In context | Oireachtas source

185. To ask the Minister for Finance the total costs incurred by the State in its appeal of the European Commission’s ruling in the company State aid case (details supplied); the total cost of managing the escrow account; and if he will make a statement on the matter. [36655/24]

Photo of Jack ChambersJack Chambers (Dublin West, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

The costs to the State for the Apple case to summer 2024 are approximately €10.3 million of which approximately €4.2 million relates to the recovery process. These fees have been paid by various State entities over the course of the case. It is not possible to estimate the final costs of the case at this time.

I would also note that fees paid to investment management and custodian fees are an expense of the Escrow Fund and are therefore not included in the figure above. These expenses are published in the financial accounts of the Escrow Fund.

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Social Democrats)
Link to this: Individually | In context | Oireachtas source

186. To ask the Minister for Finance the expected timeline for recovery of unpaid taxes from a company (details supplied) for the period 2003 to 2014, following the European Court of Justice ruling on the State aid case; and if he will make a statement on the matter. [36657/24]

Photo of Jack ChambersJack Chambers (Dublin West, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

I assume the Deputy is referring to payments arsing from the recent Court of Justice of the European Union (CJEU) judgment which confirmed the application of the 2016 European Commission's State aid Decision.

As the Deputy will be aware, following the Commission's decision Ireland was required to recover the alleged State aid from Apple. The total amount to be recovered was calculated by Revenue on the basis of the Commission Decision. Circa €14.1 billion was placed into an Escrow Fund in 2018. The money in the Escrow Fund will transfer to Ireland in line with the processes set out in the agreement governing the operations of the Escrow Fund, which is a confidential legal document.

My officials are now engaging with the relevant parties in relation to the transfer. The processes are likely to take a number of months to complete.

Comments

No comments

Log in or join to post a public comment.