Mark Ward (Dublin Mid West, Sinn Fein)
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678. To ask the Minister for Finance the position regarding the Apple tax windfall; the amount that has been collected by the State to date; and if he will make a statement on the matter. [42320/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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The final financial statements of the Escrow Fund along with a an explanatory cover note were published on my Department’s website on Monday, 14 July 2025 (www.gov.ie/en/department-of-finance/publications/cover-note-for-ireland-apple-escrow-fund-2024-financial-statements/).

In summary, the Court of Justice of the European Union (CJEU) judgment of 10 September 2024 provided the final judgement necessary for the release of the Escrow Fund. The process of transferring the Escrow Fund to Ireland as provided for in the Escrow Deed began in October 2024 and was completed by end January 2025.

Funds were therefore released from escrow and transferred to the Revenue Commissioners in the manner prescribed in the Escrow Framework Deed to pay the relevant tax liability. This involved the transfer of €12,677m to the Revenue Commissioners, for onward transfer to the Exchequer.

The balance remaining in the Fund following such payments, consisting of EU interest and gains to the fund, was transferred to an account of the Minister held at The Bank of New York Mellon, London Branch (BNY) as custodian (the Account) on 24 January 2025.

Following receipt of proceeds arising on the maturity of securities transferred to the Account, and after all fees and operational expenses were paid, the balance of the Fund held in the Account was transferred to the Exchequer on the direction of the Minister by means of a number of cash transfers, with the final such transfer taking place on 9 May 2025. The total amount of such transfers was €1,567m. The Account was closed with effect from 13 May 2025 with no assets remaining in the Account.

The Fund, including the balance transferred to the Account on 24 January 2025 totalling to circa €14.2 billion, have all now been transferred to the Exchequer in the manner prescribed in the Escrow Framework Deed.