Ireland's €14bn windfall from Apple 'unlikely to cause overheating' of economy

Ratings agency said Ireland's fiscal framework is 'designed to cope with volatile corporate tax revenues,' allowing it to absorb inflows and prevent overheating

Fitch Ratings said the Apple windfall comes at a time when Ireland’s fiscal position is particularly strong. 

Ireland’s fiscal windfall of €14bn from Apple highlights the country's "continued strong budget performance," Fitch Ratings has said. 

Speaking on the verdict from the EU's top court last week, one of the world's largest ratings agency said Ireland's sound fiscal framework, which is "designed to cope with volatile corporate tax revenues, should help it absorb the inflows without causing short-term economic overheating risks."