From tariffs to oil prices and corporation tax, the ripples created by the US election have begun to make their way across the Atlantic. The Currency’s writers have been anticipating them.
US multinationals and their employees have grown into Ireland’s main source of tax revenue. Whoever gains control of Washington in Tuesday’s election will face a set of deadlines on the rules governing their transatlantic business.
Plans by Amazon Web Services to invest £8 billion in the UK are in stark contrast to its comments on the Irish market as Labour tailors its pitch to the industry.
As promised, consolidating international profits in Ireland is becoming easier. The last frontier in making Ireland more tax-friendly to FDI is the treatment of interest – and that’s coming.
The US-listed company, which owns a medical device plant in Galway, moved its incorporation – and tax residence – from Switzerland to Ireland this week.
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As the contractor to the National Broadband Plan reaches more rural customers, the resulting cash flows allows it to repay investors led by Spanish firm Asterion.
The Canadian tech firm booked a profit through its international HQ in Ireland, which manages the Emea and South American markets and uses a green jersey tax structure.
The payments giant, founded by John and Patrick Collison in 2010, recorded a hike in costs last year but much of this was tied to one of its first employee share sales.
The multinational has warned shareholders of a tax hit from today’s EU court decision against Ireland, but nowhere near the €13 billion set aside in an escrow account. US tax is coming into play.
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