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Full coverage: Multinationals

EU rules push Google to open new harmful content data room – in Dublin

Faced with the growing risks associated with false advertising and YouTube misinformation, the Silicon Valley giant is promising transparency through a new online safety centre located where its European business is based – here.

Thomas Hubert
28th Jan, 2021 - 3 min read

The governor: Gabriel Makhlouf on multinationals, tax, property, retail and FBD

In a wide-ranging interview, Central Bank Governor Gabriel Makhlouf talks about the impact of the crisis on the economy and gives his outlook for the sectors most impacted including retail, hospitality and property. He also talks about Ireland's insurance industry, inflation and the rise of shadow banking.

Ian Kehoe
27th Jan, 2021 - 27 min read

Disbanding the Emerald Project: Nielsen liquidates $3bn Irish debt machine

Over the past decade, the New York-headquartered global marketing intelligence giant used Irish companies to funnel multi-billion intercompany loans to its US business. The three Dublin-based vehicles have just gone into liquidation – but what have they achieved?

Thomas Hubert
26th Jan, 2021 - 10 min read

After moving $7bn worth of IP to Ireland, Airbnb got a rent break for its Dublin office

The latest US multinational to switch from a double Irish to a green jersey tax structure, Airbnb has been accused of exacerbating Dublin’s housing crisis – but when Covid-19 hit, it had to negotiate with its own landlord.

Thomas Hubert
21st Jan, 2021 - 2 min read

Stamp duty battle: how AbbVie’s €580m tax war with Revenue was won – so far

A new ruling details how the Tax Appeals Commission shot down emergency provisions introduced in Budget 2020 to tax share cancellations schemes. The appeals body is asserting far-reaching new powers, but Revenue is preparing its revenge in court.

Thomas Hubert
15th Jan, 2021 - 10 min read

Seeking a remedy: AbbVie in court battle with Irish tax authority over €580m Allergan tax bill

The New York-listed pharmaceutical giant is involved with a judicial review of its tax affairs one year after a last-ditch Budget Day stamp duty change added hundreds of millions to the cost of its Allergan acquisition.

Thomas Hubert
14th Jan, 2021 - 2 min read

IP onshoring: SurveyMonkey answers all the questions

New documents prepared by the online questionnaire firm in Dublin provide a rare level of detail in the relocation of intellectual property to Ireland common to countless tech multinationals. Meanwhile, the more discreet Mentor Graphics is preparing to repatriate billions out of Shannon.

Thomas Hubert
15th Dec, 2020 - 4 min read

Amazon’s data centres will need more power than a million Irish homes – but where from?

Exclusive figures compiled by Greenpeace estimate the digital giant’s power demand for its expanding data hosting business in Ireland. The numbers add up, and they show AWS has a long way to go to its full renewable commitment

Thomas Hubert
14th Dec, 2020 - 10 min read

Small changes, big distributions: inside IBM’s $30bn Irish restructure

The doyen of US tech multinationals owns dozens of international subsidiaries and provides billions of dollars in customer finance through its Dublin office. Its new Irish-Dutch structure looks very much like the old one – except tens of billions have left these shores in the past year.

Thomas Hubert
11th Dec, 2020 - 4 min read

How Twitter’s €1bn Irish subsidiary flipped a €6m tax bill into a €23m tax credit

Twitter is the latest multinational to reveal a multi-billion intellectual property onshoring in Ireland, suppressing its tax liability here in the process. The company and its rival Facebook are also bracing for the first significant data protection fines under GDPR.

Thomas Hubert
18th Nov, 2020 - 4 min read
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