A lot of money from Apple: Ireland does that with a huge tax payment

After the long -term tax dispute between the EU and Apple has ended with a final payment to the Irish state treasury, Dublin wonders what should happen with the total of 14 billion euros (including investment wins and interest). According to a report by the British BBC made initial decisions.

Bridges, transport, energy

Accordingly, the warm rain should go into a large investment package – and make a larger part in it. The so -called National Development Plan (NDP) currently has a budget of 112 billion euros and is a package of infrastructure measures. The Irish government plans to issue the money between 2026 and 2030 to tackle measures in the areas of energy, water, transport and housing (which is under pressure in Ireland). A good one billion euros from the money also go to the so -called Shared Island Fund, which is intended to improve the infrastructure and cooperation between Northern Ireland and the Republic of Ireland – among other things with new bridges and road connections.

For example, Apple could pay for a connection via the “Narrow Water Bridge” between Down in the south and Louth in the north. Overall, NDP including Apple-Cash ensure the “biggest investments in the economic and social infrastructure in the history of the state,” said Prime Minister (Taoiseach) Micheál Martin. You will start immediately. Martin predicted “a significant increase in scope and the quality of public investments in critical sectors”, which is urgently necessary.

Many years of conflict about tax saving model

The EU Commission and Apple have previously argued for years to the group’s tax saving model in the Republic of Ireland, where Apple has been based since the 1970s. The EU assumed that the low tax rate, which Apple led to its profits, which was partially led by Ireland, was an illegal subsidy.

After several judgments at the highest EU level, some of which Apple, partly the EU won, it was finally clear that Apple had to reject 13 billion euros. The group placed it in a trust account that was managed by several investment companies. The very last transfer to the Irish state treasury was carried out in the spring of this year.