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Full coverage: Tax

As the tax debt warehouse is dismantled, there will be a clamour for forgiveness. It should be ignored

When you look at the profile of the remaining debt in the warehouse, the breakdown of the companies that owe it, and the national insolvency trends over a sustained period, it is clear there is no need for write-downs or an amnesty on the €1.65bn in the warehouse.

Ian Kehoe
23rd Apr, 2024 - 5 min read

A familiar tax tiff for Harris at first EU summit: Rewinding the week that was

Separate EU attempts at corporation tax harmonisation and capital markets integration are nothing new. The suggestion that they might be linked is, but it didn’t seem to stick.

Thomas Hubert
21st Apr, 2024 - 5 min read

Project Jameson and the “used-for test”: How Medtronic overturned a €45.9m tax bill

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.

Thomas Hubert
12th Apr, 2024 - 5 min read

Temporary March drop hides continuing corporation tax “windfall”

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.

Thomas Hubert
5th Apr, 2024 - 6 min read

A 60% slice of the Apple is in Cork – and it’s the most profitable

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.

Thomas Hubert
29th Mar, 2024 - 4 min read

“I’ll do what I think is the right thing, costly as it may be”: Developer to fight tax battle

Greg Kavanagh says his company Fofo is in a tax dispute with the Revenue Commissioners over expenses claims dating back a decade. After a challenging couple of years, things are going well again, he told The Currency.

Francesca Comyn
14th Mar, 2024 - 2 min read

Draining the double malt: How Microchip’s Irish-taxed profit topped $1bn for the first time

As the multinational chipmaker moves the registered office of a key holding company from Ireland to Malta, its Irish tax bill is surging. What exactly is happening?

Thomas Hubert
20th Feb, 2024 - 3 min read

Germany and us: Rewinding the week that was

From the rise of the far right to dealing with energy shocks and EU plans for the harmonisation of corporation tax, Ireland has a lot to gain by keeping a close eye on developments in Berlin.

Thomas Hubert
18th Feb, 2024 - 5 min read

The cost-benefit of warehoused tax debt: Rewinding the week that was

Thousands of business owners breathed a sigh of relief when the Government eased the repayment terms for €1.72bn in tax liabilities parked since the pandemic but the “cheapest finance” scheme has multiple costs, too.

Thomas Hubert
11th Feb, 2024 - 5 min read

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
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