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Ireland Apple escrow fund

Audit Id 1603800588758
Título Ireland Apple escrow fund
Tí tulo en el idioma original

Ireland Apple escrow fund

English

Año 2020
Asunto

Financial Institutions and Markets

Tipo

Performance

Tipo de acción

Performed by single SAI

Descripción The Ireland Apple escrow fund is a multi-billion-euro fund held under the terms of a formal agreement between the Minister for Finance and Apple Sales International and Apple Operations Europe (jointly referred to as Apple), pending the outcome of legal challenges to the findings of a State aid investigation undertaken by the European Commission. In July 2019 almost €209 million was transferred from the fund to Apple in respect of a third country adjustment claim by Apple. This report outlines the oversight and management of the fund, the investment strategy and the performance of the fund. At 31 December 2019, the total net assets held in the escrow fund amounted to €14.020 billion (2018: €14.269 billion).
País

Ireland

Materiales

Audit report

English

Download report
Contacto
Georgina O'Mahony
Mahin.Fitzpatrick@audit.gov.ie
https://www.audit.gov.ie/en/
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