The Government have confirmed this afternoon that it has recieved the full €13.1bn from Apple following an EU ruling.
Although both the Irish Government and the tech giant have disputed the EU Commission’s ruling, the Minister for Finance Paschal Donohoe has confirmed the money has been paid into an escrow account until a full agreement can be reached.
Mr Donohoe said that although the Irish Government have disagreed with the Commission’s ruling, they have decided to take the money until all three parties can reach a future agreement.
The 14.3 billion (including €1.2bn interest) was lodged into the account, after the EU disagreed with Apple and the Irish Government’s tax ruling.
However both the Irish Government and Apple say they abided by Irish and European Union laws.
It is expected that the money will be held in the account until the outcome of an appeals process.
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