In recent months, most technology multinationals with a presence in Ireland have published detailed accounts for 2018 on behalf of their subsidiaries registered here. In many cases, it was a good year: revenues and profits were up, even for units that had nothing to do with the massive movements of intangible assets observed in recent years. One particular line, however, keeps jumping and jumping on a scale that dwarfs any measure of real business activity – that of dividends paid by holding entities sitting at the top of Irish-based structures to their parents overseas. The Currency analysed the accounts filed…
The dividends taken out of Irish subsidiaries by tech multinationals have skyrocketed in the past two years.