We already knew Google was one of the few technology multinationals that had chosen to move high-value offshored intellectual property back to the US rather than land it in Ireland once the double Irish tax scheme came to an end in recent years. The acquisition of Fitbit now shows that the Silicon Valley giant is also moving existing intangible assets out of this country as global tax rules become clearer for the future – with implications for the Irish Exchequer. The accounts filed by Google subsidiaries in Ireland in recent days made headlines because of the €218.2 million in “adjustments…

Join The Currency

INTRODUCTORY OFFER.

Sign up today: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 3,200 exclusive interviews, investigations, and analysis, plus over 220 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.