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.
No one likes taxes but everyone wants a larger state. What’s the smallest larger state we’ll need?
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.
By taking its state aid dispute with Ireland all the way to the EU’s top court, the European Commission wants to clarify how it can investigate tax breaks for multinationals into the future.
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.
The US President's warm visit to Ireland looked a lot like a pre-campaign launch. The Democrats want to make the tax paid by multinationals a voting issue in next year's US election, with huge potential consequences for Ireland's public finances.
The Biden administration’s budget reforms have so far circled around Ireland’s tax advantage without harming it. This wasn’t always the plan, so what will happen in the future?
© 2025 Currency Media Limited
