Apple tax receipts could help cut Ireland's debt pile – S&P's Kraemer

By Abhinav Ramnarayan
LONDON (Reuters) – The European Commission’s ruling that Apple Inc should pay up to 13 billion euros of back-dated taxes could help Ireland reduce its debt significantly but may undermine its government, Standard & Poor’s told Reuters on Wednesday.
“There are many uncertainties ahead but if we assume that the money will definitely come through, the sum of 13 billion euros is not insignificant for an economy the size of Ireland,” said Morit