In the past 24 hours, two Irish companies have filed accounts to the end of 2020. One was Monster Energy Ltd, the company tasked with marketing the popular energy drink of the same name across Europe, the Middle East and Africa. The other was its subsidiary American Fruits and Flavors Ireland DAC, which owns €1.1 billion worth of intellectual property rights attached to the Monster Energy brand. Monster Energy Ltd, which employs 38 people, generated over €600 million in revenue and returned a pre-tax profit of €48 million, leaving it liable to pay over €6 million in corporation tax in…

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