Ireland's Apple escrow account declined in value by €40 million last year

The value of the fund at 31 December 2019 totalled €14.02bn which represented a decline of €249 million since the end of 2018, made up of adjustments of €209 million and a €40 million fall in value due to the current negative interest rate environment and negative yields on highly rated euro-sovereign bonds.

Both Apple and the government disagree with the Commission’s decision and has brought an appeal before the European Courts. Picture Dan Linehan

The €14.3bn escrow fund set up by Apple and Ireland while an appeal takes place against an EU Commission decision that the company received unfair tax incentives declined in value last year.