Apple's €11 Billion Tax Repayment Fuels Record Irish Budget Surplus

Ireland's 2024 budget surplus reaches €12.8 billion following EU ruling on Apple's back taxes.

Apple was ordered by the EU to pay €13 billion in back taxes plus interest to Ireland, citing unfair tax advantages.
The payment significantly boosted Ireland's 2024 corporate tax revenue by 63.9% compared to the previous year, reaching €39.1 billion.
Ireland's Finance Ministry reported a record €12.8 billion budget surplus, bolstered by €11 billion from Apple's repayment.
The EU ruling against Apple followed a lengthy legal battle over alleged distortions of competition caused by Ireland's tax arrangements.
Despite the hefty tax repayment, Apple reported a €13.5 billion profit in the quarter following the payment.