Saturday August 8, 2020

Apple’s tax cash may look tempting, but we probably shouldn’t bite

We could definitely do with it right now, but taking the tech giant’s €14.3 billion could prove to be a mistake in the long term

22nd March, 2020
Tim Cook, Apple boss, is presented with the inaugural IDA Ireland Special Recognition Award by Martin Shanahan and Frank Ryan of IDA Ireland and Taoiseach Leo Varadkar Picture: PA

Not unreasonably, given the emergency we’re enduring, some people have suggested in recent days that the Apple tax money – all €14.3 billion of it – that is resting in a special deposit account at present should be taken by the Irish state and applied to the manifest multiple needs.

Expect that clamour to grow as things get worse.

It must be tempting to the government. It is potentially the cheapest source of...

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