Ireland is faced with a surplus of funds after the court's decision on Apple taxes — the government's financial forecast
The European Court ordered Apple to pay Ireland 14 billion euros due to tax loopholes. As a result, Ireland has achieved a budget surplus of 7.5% of national income this year, which creates unique opportunities for economic growth.
Ireland received significant funds after the European Court ordered Apple to pay 14 billion euros for using tax loopholes provided between 2003 and 2014. This has led to a budget surplus, which is projected to amount to 7.5% of national income in 2024 and 2.9% in 2025. The Irish economy continues to grow, with gross national income expected to reach 4.9% in 2024 and 2.7% by 2025.
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