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Full coverage: Multinationals

Five years in business: Five long reads that define The Currency

On September 25, 2019, we published the first of over 6,000 articles and podcasts to date. Here is what our members say makes us different.

Thomas Hubert
25th Sep, 2024 - 6 min read

Less than two years in, NBI’s new shareholders collect over €30m in dividends

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.

Thomas Hubert
18th Sep, 2024 - 3 min read

Shopify’s billion-dollar Dublin HQ in the black after bump in Irish-booked revenue

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.

Jonathan Keane
16th Sep, 2024 - 2 min read

Revenues soar at Stripe’s Irish entity as one-off costs of employee share sales swell losses

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.

Michael Cogley
13th Sep, 2024 - 3 min read

Apple is booking a €9bn cost to pay €13bn in Irish back taxes – but how?

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.

Thomas Hubert
10th Sep, 2024 - 2 min read

Game over: How Europe won its €13bn case against Ireland and Apple

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.

Thomas Hubert
10th Sep, 2024 - 11 min read

Apple pours tax oil on Budget 2025 fire

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.

Thomas Hubert
4th Sep, 2024 - 3 min read

How Medtronic’s physical “principal executive office” became a one-person operation in a Galway industrial estate

The €100bn-valued medical devices multinational is shutting down the central Dublin office where its global HQ was registered for the past decade.

Thomas Hubert
30th Aug, 2024 - 3 min read

Mannok deal buys Turkey’s Çimsa a €330m foothold in British and Irish markets

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.

Michael Cogley
29th Aug, 2024 - 6 min read

Dividends hit $4.6bn as Analog Devices’ Limerick unit doubles profit

The multinational chipmaker had a bumper year in 2023, contributing increasing amounts of corporation tax despite multi-billion-dollar intellectual property offsets.

Thomas Hubert
15th Aug, 2024 - 2 min read
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