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Full coverage: Multinationals

Apple has cleared its Irish unit of hundreds of billions in past riches. Now it’s ready for the next wave of profit

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.

Thomas Hubert
6th May, 2021 - 3 min read

Much bigger, much more Irish: What Stripe’s new filings tell us about the $95bn payments giant

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.

S. Keyes and T. Hubert
5th May, 2021 - 6 min read

A $30bn Bermuda triangle: Oracle leaves the Isle of Man to centralise global business in Ireland

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.

Thomas Hubert
5th May, 2021 - 4 min read

Google decided to move $14bn in annual profits to the US rather than Ireland. Is this the new world order?

As international tax reforms gather pace, posing a multi-billion euro challenge to Exchequer finances in years to come, Google's latest accounts show what Ireland could miss out on.

Thomas Hubert
21st Apr, 2021 - 5 min read

From grain farm to server farm: Amazon buys €20m Dublin site for 12th data centre

Already the dominating player in Ireland’s fast-growing data centre industry, the US digital giant has acquired another large property from a well-known agri-business family next to an electricity connection for its power-hungry business.

Thomas Hubert
16th Apr, 2021 - 3 min read

Is Biden’s tax reform “an asteroid coming towards the financial situation of the state”?

The US administration’s new pledge to level the playing field on corporation tax is seen as a threat to foreign direct investment in Ireland – but how much of a threat? The Currency’s Stephen Kinsella and Thomas Hubert discuss how to quantify and respond to it.

Sean Keyes
14th Apr, 2021 - 4 min read

As Biden confronts Ireland’s tax advantage, Microsoft values its Dublin office at $300bn. What happens next?

The US president's plan would "level the playing field" on corporate tax, making it irrelevant to set its rate anywhere below 21 per cent. This is a challenge, but not all bad news for Ireland, as a reading of Microsoft's latest multi-billion profit posting reveals.

Thomas Hubert
2nd Apr, 2021 - 8 min read

Pinning down intangibles: $632m IP transfer cements Pinterest’s Irish base

As it expands aggressively outside the US, the design-centred social network has a new fashionable item to pin to its board: the green jersey tax structure.

Thomas Hubert
10th Mar, 2021 - 4 min read

“The stars are aligned”: new July deadline for global agreement on multinational taxation

Proponents of international rules to get tech giants to pay tax where their customers are, rather than in hubs like Ireland, have gathered strong momentum in recent weeks.

Thomas Hubert
5th Mar, 2021 - 5 min read

Gold-plated green jersey: How one Irish Dell subsidiary created a €100m-a-year tax credit

VMware is first to detail the impact of its IP onshoring to Ireland less than two years ago. The tax benefits are enormous and, like never before, they are laid bare for all to see.

Thomas Hubert
17th Feb, 2021 - 4 min read
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