Full coverage: Tax

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

The game of backgammon, oddly enough, provides the most telling insights into the personality and strategies of JP McManus.

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.

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.

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.

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.

According to Revenue, persons in control of Phoenix-type businesses may take steps to conceal these criteria. Now the tax authority claims that this is the case in relation to a Wexford logistics business.

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.

Budget Day was initially disappointing, with red tape keeping tax measures intended to support start-ups accessible only to large corporations. But amendments to the Finance Bill show the mood music is changing.

The short term woes of pharma companies mask a sector that is performing well, and performing well for Ireland.