The corporate structure established in Ireland by the US-headquartered global online crafts marketplace Etsy to handle its business outside the Americas has just posted a $1 billion (€937 million) loss for 2022, new company information shows. What exactly happened? The Dublin subsidiaries of the Brooklyn-headquartered group include Etsy Ireland, the company booking all non-American sales made on Etsy’s platforms. This side of the business performed well, building on its first profitable year in 2021 to grow revenue to €875 million and return a pre-tax profit of €247 million. However, its immediate parent company, Etsy Ireland Holding, posted a loss that…

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