Full coverage: Multinationals

As the Irish government invites the business community to take part in the debate on multinational tax reform, we ask Minister for Finance Paschal Donohoe and OECD tax chief Pascal Saint-Amans what is coming next.

There is no stopping an international agreement to increase the corporate tax take from those multinationals that have benefited most from globalisation, including by locating in Ireland. This leaves a lot of room where tax attractiveness can be more useful.

As yet another international meeting opens to try and hammer out a deal on multinational taxation, high-tech US giants continue to boost Ireland’s corporation tax take. How would this change under proposed new rules?

When the multi-billion dollar software business SUSE changed hands in 2019, the proceeds trickled back to the UK-based Micro Focus group – but not until they had transited through Irish companies enjoying Caribbean tax residency. This is how the deal was done.

Since Tuesday, we have heard from the European Commission on its corporate taxation plans for the next three years, Washington has laid down its cards for OECD-led talks on the issue, a visiting French minister and US multinationals have chimed in, and Paschal Donohoe spoke on the issue not once but twice. So, what have we learned?

The demise of the double Irish has left Ireland better off as multinationals switched to a range of other tax schemes to locate profits here. In delaying its tax harmonisation plans, the European Commission wants to harness the Covid and Biden effects to go after them all.

Khaled Sakr led the IMF’s recent mission to Ireland. In an extensive interview, he talks about how the crisis accelerated a two-tier economy, the need to get more women into the labour force and institutional investors in the housing market.

The Cork company funnelling the Silicon Valley giant’s international business has been the source of a cascade of dividends for the past few years. Now it is set to reap the benefits of a boom in Asian demand for Apple products.

Stripe's Dublin office has just filed annual accounts revealing the central role Ireland has come to play in its expanding business outside the US. Just before the pandemic provided a huge boost to its business, it also posted its first ever Irish profit.

New transactions reveal how the American computer infrastructure giant has consolidated all profits made outside the US in an unassuming Dublin business park – without fully giving up on zero-tax jurisdictions.