210. Deputy Pearse Doherty asked the Minister for Finance the amount that will be deposited in the escrow account established to hold the moneys recouped from a company (details supplied) following the EU’s state aid ruling; and if he will make a statement on the matter. (Question 55083/17 asked on 16 Jan 2018)
Minister for Finance (Deputy Paschal Donohoe): Notwithstanding the appeal in the Apple State Aid case and the difference in view between Ireland and the Commission on the issue, the Government is committed to complying with the binding legal obligations the Commission’s Final Decision places on Ireland.
Apple therefore must be deprived of the benefit of the alleged aid and this involves two actions:
- The calculation of the amount of aid
- The process by which Apple are denied this amount of money
The Commission have estimated that this will amount to €13 billion but the precise sum is to be calculated using the methodology set out in the Decision, which is then subject to interest as set out in EU Regulations on the recovery of State Aid.
These sums will be 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.