Rather than a decoupling from the fortunes of US multinationals, the volatility reported by the Exchequer last month shows Ireland is more exposed to them than ever.
Even under Trump, US multinationals show little sign of retreating from global markets — thanks to incentives, political clout, and economic reality.
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.
The cloud technology firm, now part of the Broadcom group, has moved intellectual property rights – and taxable income – from Ireland to the US.
The national investment development agency wants to take advantage of the EU’s renewed focus on competitiveness and innovation across the bloc.
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.
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.
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.
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.
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?
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