Ireland Apple escrow fund recorded first annual gain in 2023

New C&AG report said last year's gain was the first since the account's establishment and was underpinned by a high interest rate environment

Apple Campus, Hollyhill Industrial Estate, Co. Cork. Pic Larry Cummins

The account containing the money that US tech giant Apple must pay Ireland in back tax gained €400m in value last year, according to a new report from the Comptroller and Auditor General.

The total value of the fund stood at €13.794bn at the end of 2023, while its net assets accounting for outstanding liabilities totalled €13.774bn