Any loss of value to the Apple escrow fund will not impact taxpayers

Fund remains in place until court decision 

The net assets of the fund in the last accounts for the fund in 2020 were €13.98m. File Picture Dan Linehan

Taxpayers will not be on the hook for any loss of value to the Apple escrow fund the Secretary General of the Department of Finance John Hogan has said.

During an Oireachtas Public Accounts Committee, Fianna Fáil TD Cormac Devlin asked Mr Hogan if there would be an impact to the State if the fund continued to lose value due to negative interest rates.