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Fortune
Fortune
Ryan Hogg

Ireland’s €13B Apple windfall adds to the existential crisis for its economy

A cyclist rides a bicycle past a sign at Apple Inc.'s campus in Cork, Ireland. (Credit: Aidan Crawley—Bloomberg/Getty Images)

Ireland’s €13 billion windfall from a European court tussle with Apple looks on the surface like a boost to the country’s already-inflated coffers. But in reality, it has created a new headache for an economy with more money than sense.

On Monday, the EU ruled Apple had to pay Ireland €13 billion in unpaid taxes, concluding an eight-year battle for the bloc that received little help from Ireland.

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