Apple escrow account rises in value by €470m
The increase in the value of the investment follows an increase of €400m in 2023.
The Department of Finance has published the final National Treasury Management Agency's accounts for the Apple Escrow Fund.
It said that in September of last year, €12.67 billion was transferred to the Revenue Commissioners following a case in the Court of Justice of the European Union which Ireland lost.
A further €1.56bn was transferred to the Exchequer following a direction from Minister for Finance Paschal Donohoe in May of this year.
It means a total of almost €14.25bn was transferred to the State which was just below the original €14.3bn paid by Apple.
The fund suffered from a number of years where it lost money as Ireland fought the original decision of the European Commission in the courts.
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an hour ago
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- Irish Daily Mirror
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