The State faces a mix of optimism and anxiety over the unexpected bonanza of Apple's unpaid taxes. While the windfall has greatly increased the yield from corporation taxes, there are fears that the current political climate may jeopardize this financial boon.
State’s short-term future is shaped simultaneously by wild optimism and existential anxiety. Instead of the apple of knowledge of the Biblical parable, the State was offered the unexpected bonanza of Apple’s unpaid taxes. The yield for the State from corporation taxes increased fivefold between 2011 and 2021, reaching an astonishing high of €15 billion in 2021.
However, there are concerns that this windfall might not last, as the current political climate may take it all away, leaving the State exposed to the harsh realities of fiscal responsibility
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