Full coverage: Multinationals

What does the current tech slump mean for jobs and corporation tax in Ireland? To try and get some answers, Ian Kehoe spoke with Stephen Kinsella and Thomas Hubert.

The latest layoffs at Salesforce show the correction in the tech industry is not over, raising questions about Ireland's corporation tax boom. Another tax stream, however, gives an indication of the profits yet to be declared here – and that's before we even look at big pharma.

The semiconductor multinational is reaping maximum rewards from the loophole still allowing Irish companies to be tax-resident in Malta. Its tax bills are small, but its capital returns are not.

The detail of rules yet to be fully thrashed out will determine whether it makes more financial sense for mid-tier multinationals like Etsy to keep their international HQ located in Ireland.

Shortly before the end of its financial year in January, the Dell group severed its cloud software arm VMware. Both businesses continued to maximise the green jersey scheme in Ireland to shield their growing European business from corporation tax.

The Department of Finance described much of the latest bumper corporation tax revenue as a once-off windfall. Yet every indication is that aggressive tax planning through Ireland is set to continue.

When demand for rapid medical tests exploded during the pandemic, the US pharma giant routed this business through Ireland and Malta to achieve a four per cent tax rate. This expanded into a multi-billion-euro business last year.

New information from multiple subsidiaries of the two digital advertising giants in Ireland reveal how they operate in the post-double Irish world and how ready they are to take on the industry slump.

The ride-hailing giant’s Ireland general manager Kieran Harte speaks to The Currency about the country’s taxi shortage and its pitch to government for easing the licensing regime.

Constant hiring by technology firms has just turned into a wave of job cuts. Stephen Kinsella and Thomas Hubert discuss what this means for Ireland – and what the country should do about it.