Restructuring saw AWS’s Irish unit change hands within the Amazon group at the end of last year. The price paid was a fair reflection of the bricks, mortar and servers on its books but did not reflect its runaway growth.
As it exited Russia, Ingka Group was set to lose multi-hundred-million-euro assets in the form of intercompany loans advanced out of Dublin. Then it cut a deal, only to find itself before a Moscow court.
In a month when only two multinationals pay significant tax bills, the surge in their contributions accounted for the entire Exchequer surplus recorded so far this year. The budget is only around the corner.
There were the billions of euros in corporation tax and the thousands of jobs. Now the US multinational is reporting hundreds of millions of euros’ worth of renewable energy contracts.
Deals announced by Winthrop and Strong Roots on Thursday built a bridge between indigenous businesses struggling in the face of rising costs and the world of high-flying multinationals.
The medical products multinational Covidien used to be headquartered in Ireland but rented key corporate services from a US subsidiary before selling itself to Medtronic. The High Court has just decided the Vat implications of those transactions.
Changes to Apple’s tax structure have skewed short-term Exchequer figures for three years but multinationals are again lining up large taxable profits in Ireland in 2024.
The Californian IT giant has reached a steady state after establishing the second generation of its pioneering green jersey tax structure and is set to continue lining Irish State coffers.
The Irish economy contracted in 2023. Did you feel it? Very likely you didn’t. Why is that? More importantly, what should we do about it? We should innovate.
The new tech watchdog is formulating its online safety code but the US-based online education multinational thinks its approach is off the mark.
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