Apple tax ruling: Nobel prize winner Joseph Stiglitz - Take the money

The Nobel Prize-winning economist, Prof Joseph Stiglitz, has accused the Government of speaking “balderdash” in rejecting the European Commission’s ruling on the Apple tax deal.

The acclaimed academic, a former World Bank and US government adviser, also said he was mystified by Ireland’s plans to turn its back on the €13bn in outstanding taxes the commission says Apple owes.

Prof Stiglitz was responding to comments by Education Minister Richard Bruton, who complained that the commission had stepped beyond its remit.