Apple tax windfall won’t impact Budget, Jack Chambers says as €13bn transfer will take ‘months’
Apple tax money won’t have any impact on Budget 2025, says Jack ChamberFinance Minister says it will be “months” before Ireland receives its €13bn windfallGovernment says it will ‘respect’ ruling of European Court of JusticeApple has said it is “disappointed” with the decision.EU Competition Commissioner Margrethe Vestager described it as a ‘big win for European citizens and tax justice’Labour calls for state housing body to be founded with the money to avoid future housing shortages
The money will have no impact on Budget 2025 as the parameters for that have been already set, however, a number of other countries may first make claims on the amount.
Meanwhile, it has emerged Ireland has spent €10m so far fighting the case at EU level.
Ireland is required to recover more than €13bn in back taxes from Apple, following a decision of Europe’s top court.
The €13bn has been sitting in an escrow account for the past six years.
The €13bn Apple tax money was set aside…
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