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Full coverage: Multinationals

Microsoft saves the day: How “windfall” tax receipts kept flowing in until the end of 2023

A strong showing by the US software multinational in December helped maintain annual growth in corporation tax receipts.

Thomas Hubert
4th Jan, 2024 - 3 min read

Why plans for a $1.25bn SPAC deal in New York ended up in a Dublin liquidation

Stock market investors agreed to back W3bcloud's plans to build a multinational data centre operator for blockchain and crypto technologies. Instead, the Irish companies due to handle its profits are facing insolvency.

Thomas Hubert
4th Jan, 2024 - 4 min read

How Salesforce’s multi-billion-dollar Dublin office boosted performance before cutting jobs last year

The IT multinational’s Irish operation bucked the global downturn as Carolan Lennon took the helm. And it grew its tax advantage even further.

Thomas Hubert
2nd Jan, 2024 - 2 min read

IBM’s downsizing Irish office frees up €4.5bn for distribution

The IT multinational may be selling its Dublin campus, but it still has plenty of accumulated profits in Ireland to send back to headquarters.

Thomas Hubert
18th Dec, 2023 - 2 min read

Monster money: A Cayman Islands PO Box holding company has invested €1bn in its Irish subsidiary

Monster energy might not have the scale of an Apple or a Pfizer in Ireland, but it has a significant operation here nonetheless. And, based on new filings, it could get bigger still.

I. Kehoe and T. Hubert
15th Dec, 2023 - 2 min read

Green jersey with a drop of malt: The growing team tasked with handling “Riot tax”

US-headquartered, Chinese-owned Riot Games is hiring to beef up its third global tax team in Dublin, where intellectual property has turned its office into a billion-euro business.

Thomas Hubert
14th Dec, 2023 - 3 min read

Airbnb Ireland settles Italian tax row for €576m

Italy has been leading the charge to force the platform to collect tax at source on hosts’ income. Airbnb’s Dublin office is paying up.

Thomas Hubert
13th Dec, 2023 - 2 min read

What did Meta do with its €3.7bn Irish dividend?

The social media giant re-invested half of the profits distributed by its Dublin advertising business last year. Ireland itself is the main destination of this splurge on cloud infrastructure.

Thomas Hubert
12th Dec, 2023 - 4 min read

Can’t leave Bermuda: The low-tax legacy of Dell’s double Irish past

Using a green Bermuda corporate structure, the US group’s lucrative EMC cloud division is continuing to shift $8.6 billion and counting in profits from sales booked in Cork to the zero-tax Caribbean jurisdiction.

Thomas Hubert
5th Dec, 2023 - 5 min read

More revenue, but less taxable profit: The stall in tech growth through Google’s Irish accounts

Alphabet group companies in Dublin have paid nearly €10bn in dividends to their US parents in the past two years. Much like the hiring spree that preceded them, they were part of “a different economic reality”.

Thomas Hubert
29th Nov, 2023 - 6 min read
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