According to senior government sources, the funds, which are currently in escrow, will take around six months to become available for capital projects in Ireland.
Finance Minister Jack Chambers remarked that there are still claims from other countries regarding Apple’s tax obligations, which have resulted in adjustments that slightly reduce the escrow amount.
The Department of Finance confirmed that while they are unaware of any additional claims, they expect to realize the €14.1bn in the escrow fund for the Exchequer shortly.
The European Commission's 2016 ruling mandated Ireland to recover over €14bn in back taxes from Apple, marking a significant point in fiscal accountability for multinational corporations.
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