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Irish Finance Minister Hails $14B Apple Tax Windfall As Transformational

1 day ago

Irish Finance Minister Hails $14B Apple Tax Windfall As Transformational
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10 Highlights

  • Irish minister hails €14B Apple tax windfall as transformational.
  • €14B windfall follows EU court ruling against Apple's tax breaks.
    • Funds will strengthen Ireland’s infrastructure, not be squandered.
    • Government rejects using funds for day-to-day expenses.
    • Windfall crucial ahead of upcoming November election.
    • Minister stresses infrastructure focus to bolster economy.
    • Windfall split: €8B in 2024, €6.1B in 2025.
    • €25B surplus fueled by record corporate tax receipts.
    • Half of corporate tax comes from 10 major firms.
    • Government aims for sustainable growth and full employment.
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