Ten years on from the start of a formal investigation into Apple’s Irish tax affairs, the European Commission has won its case. Its meaning extends far beyond the collection of back taxes.
Payments delayed by changes to the tech giant’s subsidiary structure earlier in the year have now landed in state coffers, boosting the Exchequer surplus as the Government makes key pre-election budgetary decisions.
The €100bn-valued medical devices multinational is shutting down the central Dublin office where its global HQ was registered for the past decade.
Once part of the Quinn business empire, Fermanagh-based Mannok is set to join a business controlled by one of Turkey's wealthiest families – and return its US owners a comfortable exit.
The multinational chipmaker had a bumper year in 2023, contributing increasing amounts of corporation tax despite multi-billion-dollar intellectual property offsets.
Changes in tax law on both sides of the Atlantic have seen the Irish subsidiaries of multinationals pay more to access American intellectual property. But from the US side, a lot of this revenue is unaccounted for.
IDA chief executive Michael Lohan is tasked with growing foreign direct investment in Ireland at a time when more protectionist rhetoric is rearing its head on both sides of the Atlantic.
Egis makes over €100 million of its €2.3 billion revenue in Ireland. The French engineering group’s CEO Laurent Germain wants to double this and is on the hunt for more Irish acquisitions.
Dublin has long been top of the pack as a location for data centres. Now energy and infrastructure concerns in the race to net-zero emissions are leading operators to countries like Finland and Sweden instead.
Restructuring saw AWS’s Irish unit change hands within the Amazon group at the end of last year. The price paid was a fair reflection of the bricks, mortar and servers on its books but did not reflect its runaway growth.
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