Irish January tax take posts annual rise of 29% on Apple tax funds
DUBLIN, Feb 6 (Reuters) - Ireland collected 29% more tax in January than in the same month last year, with over two-thirds of the increase due to the receipt of a portion of a 14 billion euro Apple AAPL.O back-tax windfall, the finance ministry said on Thursday.
Ireland is drawing down the Apple AAPL.O. back taxes from an escrow account over several months following a European Court of Justice ruling in September that its favourable tax treatment of the iPhone maker had been unlawful.
The finance ministry said it collected 10.1 billion euros of tax last month, some 1.7 billion euros of which was from the escrow account. Without the Apple back-tax funds, tax receipts would have increased by 7%, it said in a statement.
The Irish exchequer recorded a 3.6 billion euro surplus at the end of January, compared with a 2.3 billion euro surplus at the same point last year.
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