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Corporation Tax

Dáil Éireann Debate, Tuesday - 28 July 2020

Tuesday, 28 July 2020

Ceisteanna (220)

Paul McAuliffe

Ceist:

220. Deputy Paul McAuliffe asked the Minister for Finance if the State is responsible for the costs associated with the management of the funds of a company (details supplied) while they were in an escrow account; and if he will make a statement on the matter. [17992/20]

Amharc ar fhreagra

Freagraí scríofa

As the Deputy will be aware, the State recovered the alleged State aid from Apple in full by September 2018. The total amount recovered was circa €14.3 billion (which is the principal and relevant EU interest). These sums are held in an Escrow Fund with the proceeds to be released only when there has been a final determination of the case by the European Courts.

All income, expenses, gains, and losses accrue to the Fund, including those associated with the management of the Fund.

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