Overview

• The EU ruled that Apple must pay Ireland €13 billion in unpaid taxes, concluding an eight-year legal battle.
• Ireland's government now grapples with how to effectively spend the windfall amidst existing economic issues like housing and infrastructure.
• The country's relationship with U.S. tech giants, which has driven economic growth but also created inflated GDP figures, is under scrutiny.
• There are concerns that sudden large-scale spending could overheat the economy, which is still recovering from high inflation.
• The ruling may influence future tax arrangements with other tech companies, potentially impacting Ireland's economic strategy.