Apple loses $14B as Europe claws back tax – Computerworld

$3,000 each

Apple isn’t happy about the outcome of the case. “We are disappointed with today’s decision,” the company said. “There has never been a special deal.”

Apple was required to hand the cash over to an independent third-party-administered escrow account in 2016. That account now holds around €14 billion. With a population of 5.2 million, the cash hoard is the equivalent of €2,692 (about $3,000) for every man, woman, and child in Ireland. 

According to local reports, Ireland’s Tánaiste Micheál Martin says the money cannot be used for day-to-day spending and that his government will now consider “how to use these funds in the best interests of the Irish people.”