German lender Landesbank Hessen-Thüringen Girozentrale has installed Grant Thornton as receiver over the prime site in Dublin. It marks the first major commercial property receivership since the slowdown in the sector.
X’s Dublin-based international office has reported multi-million-euro redundancy and lease exit costs while disclosing impairments in the value of the social network in the months following its takeover by Elon Musk.
Through a HQ inversion, the US-listed medical manufacturer Covidien was liable to pay tax in Ireland but Revenue rejected hundreds of millions of dollars’ worth of expenses it had claimed as deductible.
When Facebook bought Instagram in 2012, it routed profits through an Irish company tax-resident in the Cayman Islands. It has settled part of the resulting dispute before the US Tax Court.
Tit-for-tat economic sanctions and rising interest rates have taken their toll on the Dublin office managing the liquidity generated by Ikea retail stores around the world.
Today’s study by the Irish Fiscal Advisory Council warns of public finances’ reliance on a handful of large corporate taxpayers, especially the top three. The report doesn’t name them, but The Currency can.
We can now see the full-year effect of the software multinational’s green jersey structure. Multi-billlion-dollar intellectual property located in Dublin has erased its corporation tax bills for years to come.
The appeal in the state aid case over Ireland’s past treatment of Apple’s profits hinges on what share of profits should be taxed here or in the US.
Ireland is home to a large slice of profits posted by international firms in search of favourable tax terms. But what happens when countries disagree on the allocation of taxable income across borders?
The profits of multinationals have become the second-largest source of Exchequer funding and the latest Government forecast is that the weight of corporation tax will peak this year, but “windfall” receipts remain unpredictable.
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