EU and Ireland - Recovery of Alleged Apple State Aid
Further to a previous bulletin we can bring you news that Ireland's Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, has issued a release confirming that the full recovery of the alleged State Aid from Apple has been completed.
The total amount recovered is €14.285 billion (the principal amount and relevant EU interest), with the final payment made in early September.
The alleged State Aid has been placed into an escrow fund with the proceeds being released only when there has been a final determination in the European Courts over the validity of the Commission’s decision that Ireland granted Apple illegal State Aid. An appeal is currently before the General Court of the European Union.
Mr Donohoe commented that “while the Government fundamentally disagrees with the commission’s analysis in the Apple state aid decision, and is seeking an annulment of that decision in the European courts, as committed members of the European Union we have always confirmed that we would recover the alleged state aid”.
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