The Department of Finance’s reference to weak pharmaceutical exports identifies the US pharma multinational as the latest contributor to the fall in corporation tax receipts below last year’s level for the first 10 months of 2023.
Two years ago, the popular homeware and gifts marketplace branched into fashion with a $1.6bn UK acquisition. The Dublin holding company conducting the deal has now wiped 90% off its value.
The EU Tax Observatory names Ireland as the joint top destination for multinationals to shift profits and cut corporation tax. Economist Gabriel Zucman says new global rules will benefit Ireland in the short term but believes the tax-competitive model is doomed.
From dairy exports-driven agriculture to the reliance on corporation tax paid by multinationals, the wind-down of the Askeaton infant formula plant exposes multiple risks for Ireland on a single site.
With all EU countries obligated to impose the 15 per cent minimum corporation tax rate from next year, a multi-billion-dollar subsidiary of the semiconductor giant straddling Ireland and Malta is moving away from Dublin. But where will the tax be paid eventually?
Simon Coveney says he wants to help build a “new economy”. What does it look like, and where does Budget 2024 fit into the plan? The Minister for Enterprise, Trade and Employment sets out his case.
Microsoft has just disclosed a multi-billion-dollar dispute with the IRS over the transfer pricing arrangements it put in place two decades ago. Ireland was central to those structures.
As corporation tax receipts fall below forecasts, the largest payments yet to come this year will determine the new trend after years of runaway growth.
Stripe’s rising expenditure in accounts filed in Ireland tells us more about the consolidation of Dublin as its tax centre than about its profitability.
The pharmaceutical group has entered Chapter 11 bankruptcy proceedings in the US for the second time in two years, with its Dublin HQ and IP centre due to follow suit here this week.
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