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Full coverage: Double malt

The double malt – part five: Allowing aggressive tax planning makes sense for no one except multinationals

Over the past eight years, the US and Irish governments have tried and failed to close tax loopholes on three occasions. Why is this, and can the collective approach under the new OECD deal turn the tide?

Thomas Hubert
1st Apr, 2022 - 7 min read

The double malt – part four: “Structures like these siphon revenue from some of the poorest countries in the world”

For five years, a charity has warned of the risk that multinationals may combine Ireland and Malta to minimise their tax bills aggressively. Now that its concerns have been borne out, Christian Aid explains why it matters.

Thomas Hubert
31st Mar, 2022 - 8 min read

The double malt – part three: How Microchip, Tencent and Lufthansa cut their tax bills via Ireland and Malta

Computer chips, video games, aircraft leases: As long as a portion of Irish income can be attributed to intangible assets, multinationals have found creative ways of having it taxed at around 5% in the Mediterranean island.

Thomas Hubert
30th Mar, 2022 - 9 min read

The double malt – part two: The double Irish is alive and well, and it officially lives in Malta

Successive rule changes purported to outlaw the double Irish and single malt tax structures but they left a gap wide open. Here is how Abbott stepped into it to minimise the tax due on profits from Covid-19 and other medical tests.

Thomas Hubert
29th Mar, 2022 - 11 min read

The double malt – part one: How a pandemic boost to a multinational’s Irish sales left a half-billion profit taxed at 4%

Months before Covid-19, Abbott Laboratories completed the reorganisation of a rapid diagnostics unit across Ireland and Malta. When this business ballooned, profits trickled through the supposedly closed double Irish loophole.

Thomas Hubert
28th Mar, 2022 - 11 min read
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