Full coverage: Multinationals

The Currency first revealed how the US semiconductor multinational had squeezed through the gap left between the ban on the double Irish and single malt structures. Now we have the full picture of how it works – and how efficiently.

As it continues to grow its Irish data centre and e-commerce operations, the US multinational has revealed the potential it attaches to its fast-expanding “development centre”.

EU ministers have again failed to agree on how to implement the global OECD deal on multinational taxation. The whole project could still be derailed, or at least delayed – and some corporations continue to jump into the gap in the meantime.

The Exchequer collected a record amount of corporation tax last year. The US software giant was the largest contributor (that we know of), according to new analysis of 13 related companies incorporated and domiciled by the group in Ireland. 

As The Currency revealed that several multinationals continue to use the double Irish tax structure via Malta, domestic retailers EuroGiant and Anthony Nicholas demonstrated that success is achievable without such tactics – they just focused on strengthening their balance sheet.

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?

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.

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.

Perigord, which designs artwork for the life sciences sector, sold a majority stake to Indian giant Tech Mahindra last year for €21 million. It has brought fire power and even more ambition to the business, says Perigord CEO Alan Leamy.

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.