When it first set foot in Dublin in 2013, the San Francisco-headquartered visual social media platform Pinterest came prepared with a fully-fledged double Irish tax structure. A holding company called Focus I18N Holding owned the rights to use Pinterest’s intellectual property outside the US (the company had 340 patents and 550 trademarks around the world at the latest count).  Its subsidiary Pinterest Europe was tasked with booking non-American advertising sales while paying Focus I18N Holding for use of the IP. Of $133 million in revenue outside the US in 2019, the Irish company recorded $107 million. Pinterest Europe also acted…

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