Analysis: €13 billion Apple judgment is by any measure a major blow to Ireland’s credibility

Michael McGrath has been handed a major headache as the European Court delivered its long-awaited verdict

The judgment represents a major blow to both Ireland and Apple. Picture: Anthony Kwan/Bloomberg

At last weekend’s Fianna Fáil Ard Fheis in Dublin, Michael McGrath, the minister for finance, was optimistic when asked how he expected the latest update in the long running Apple tax case might go.

“We are confident in our position,” McGrath told the Business Post.

“We take encouragement from the findings so far. It’s important that we stand behind our corporation tax system. It is our view, as has been set out by the legal ...