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Full coverage: Multinationals

How profits hit €1.7bn at Ikea’s Irish treasury centre last year

Restored bond valuations boosted the value of assets parked in Dublin by the group’s Ingka retail arm past €35bn – before Donald Trump’s election triggered a fresh wave of market instability.

Thomas Hubert
3rd Jun, 2025 - 2 min read

Under new ownership, VMware discards its $35bn green jersey

The cloud technology firm, now part of the Broadcom group, has moved intellectual property rights – and taxable income – from Ireland to the US.

Thomas Hubert
12th May, 2025 - 3 min read

IDA looks for marketing expertise in France, Germany and the UK

The national investment development agency wants to take advantage of the EU’s renewed focus on competitiveness and innovation across the bloc.

Alice Chambers
9th May, 2025 - 2 min read

“It’s a niche in a very big US population — and we’re now pretty big in that niche”

Sprintax, part of Terry Clune's Clunetech, has built a big business handling taxes for non-US residents. Enda Kelleher and Ryan Ludden tell The Currency of its UK expansion and move into dividend taxes.

Michael Cogley
6th May, 2025 - 9 min read

Unfazed by tariffs, Oracle lines up $15bn Irish capital distribution

The US-based IT giant is realising the second half of the value onshored to Ireland in 2020 – without rowing back on its profitable Dublin-based green jersey structure.

Thomas Hubert
23rd Apr, 2025 - 3 min read

Third time lucky: How Revenue reversed Medtronic’s €46m Vat win

Covidien, a multinational acquired by Medtronic, twice won the right to deduct Vat through a structure allowing its Irish headquarters to rent its CEO from a US subsidiary. The Court of Appeal has overturned previous decisions.

Thomas Hubert
10th Apr, 2025 - 6 min read

“Trump’s plan is for the US to become an even bigger tax haven than Ireland”

An economic development model based on attracting tax revenue at the expense of other countries can only last as long as they tolerate it, economist Gabriel Zucman warns in an extensive interview.

Thomas Hubert
2nd Apr, 2025 - 13 min read

It’s intellectual property, stupid: How big pharma might mitigate US tariffs

Multinationals led by pharmaceutical manufacturers have long used intangible assets and transfer pricing to shift profits to Ireland. Could the same moves work in reverse to reduce exposure to tariffs?

Thomas Hubert
1st Apr, 2025 - 10 min read

“I destroyed the phone” Rippling employee at centre of espionage case tells court

Hearing the case in the commercial court, Mr Justice Sanfey told Keith O'Brien, the payroll manager accused of leaking trade secrets to Rippling's rival, Deel, that he was in “a very serious situation”.

Alice Chambers
19th Mar, 2025 - 3 min read

Tinybird and an acrimonious history: Irish staffer at heart of Rippling espionage case revealed

In an affidavit opened in the High Court in Dublin, Rippling has alleged that Keith O'Brien disclosed "trade secrets" to rival HR firm Deel.

Tom Lyons
18th Mar, 2025 - 7 min read
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