Apple’s unpaid taxes not a pot of gold, says Donohoe

There is “no pot of gold at the end of the rainbow” if Ireland sides with the European Commission and demands that Apple hands over €13.6bn in unpaid taxes, because other EU nations will be entitled to “go after” the fund.

Finance Minister Paschal Donohoe warned that any settlement would “undermine our business model” and put thousands of Irish jobs at risk, as Taoiseach Leo Varadkar travels to the US to hold crunch talks with Apple chief executive, Tim Cook, and other high-ranking business officials, during a three-day trip to California.

Speaking to Newstalk radio’s On The Record, with Chris Donoghue, Mr Donohoe said that, despite growing pressure from Europe and from Irish citizens that the money be handed over, there is no reason to do so.