On July 1, 2020, Salesforce joined the flock of US multinationals using the so-called green jersey tax structure. On that day, the US software group transferred $24 billion worth of intellectual property (IP) underpinning its business around the world to its Dublin subsidiary SFDC Ireland Ltd (its name stands for SalesForce Dot Com). The Irish company holds the licence to operate Salesforce’s business outside the Americas. New financial information reveals the full scale of the tax benefit it has generated since that 2020 transaction. SFDC Ireland’s various IP assets, including additional transfers such as the $2 billion transaction recorded as…

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