When the multi-billion dollar software business SUSE changed hands in 2019, the proceeds trickled back to the UK-based Micro Focus group – but not until they had transited through Irish companies enjoying Caribbean tax residency. This is how the deal was done.
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In the battle for control of your wallet, each player has strengths and weaknesses. Curve founder Shachar Bialick thinks he has built the product that can offer it all. He talks about raising $175m, the future of fintech and why the Irish banks' plan to build an instant payments mobile app is ill-founded.
The High Court has confirmed the appointment of liquidators to Dolphin investment vehicle Mut 116 as Irish investors face over €100 million in losses.
After selling their finance business in 2019, Joe O’Regan and his wife Deirdre O’Connor were looking for a new venture. So, during the pandemic, they launched Put Your Feet Up Candles. O’Regan talks about switching careers, online strategy and future expansion.
Brown Thomas and Arnotts are solid but unspectacular businesses, and that has been good enough for their owners up to now. But there are a few ways prospective new owners might seek to shake the business up.
Elverys, Edun and Schuh are retail businesses. Exergyn wants to solve one of the world’s biggest problems, while PolarLake has long relied on the support of its parent. All have released new data and provided a future outlook.
Walmart inherited a Dublin outpost when it paid $3bn for Jet.com, the e-commerce business co-founded by Irishman Mike Hanrahan. However, the unit, which employs 100 people and occupies a landmark Dublin office, is now being wound down.
The serial tech entrepreneur has done time in a Swiss prison and is now facing disqualification as a company director having admitted personal liability for €2 million in missing funds from his charity fundraiser Ammado. So just what went wrong?
Stobart Air is collapsing into liquidation. Aer Lingus has shuttered its cabin crew base in Shannon. Ryanair is relocating vast swathes of its fleet overseas. Meanwhile, the state seems unwilling or unable to implement the recommendations of its own taskforce.
Arlene Foster mainly conducted her business with Sinn Fein through Michelle O'Neill. New leader Edwin Poots has already met Mary Lou McDonald three times which may show a pragmatism some didn't expect.
The Swiss banking system experienced huge changes when banking secrecy ended a few years ago. But the sector recovered by playing to its strengths and finding new competitive advantages. As it deals with corporation tax reform, Ireland should follow the Swiss example.
The reality is that both multinationals and small states can, should, and will react to any broad-based change to the international tax regime. And Ireland will have to play its most canny game in its reaction to global corporation tax reform.
Most tech companies are set to offer blended working arrangements, and the Tánaiste wants to make remote working a permanent option. But what about the companies who want staff in the office? Most employment contracts never envisaged a pandemic, so expect a flow of cases to the WRC.
Whether in used cards, health insurance, early stage biotech companies, Tudor coinage, pink sheets stocks or unregulated collective investment schemes – markets don't work when both sides don't have the same information.
By lionizing those solving cool, tweet-friendly problems like building rockets, we downplay people trying to fix more complex problems like homelessness, wealth distribution and social cohesion. It is now time to build the present, not the future.
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