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Full coverage: Technology

Twitter has accumulated €100m in Irish tax credits – but why has it written off the next €1bn?

By locating intellectual property in Ireland, Twitter was planning to shrink taxable profits for 15 years. Now the social network is not so sure the green jersey scheme is going to deliver.

Thomas Hubert
8th Nov, 2021 - 4 min read

The jersey under threat? A US court decision, Pinterest’s $600m tax plan and Irish industrial policy

The US social network has written off most of the value it had booked for the intellectual property placed in its expanding Irish operation. What does the move mean for other multinationals using the popular green jersey tax structure?

Thomas Hubert
29th Oct, 2021 - 5 min read

“I’m not interested in trialling it. I’m interested in investing in it”: How a food and restaurant entrepreneur entered the tech in between

Barry McNerney is the CEO of wholesale ordering platform Unify Ordering. Over the past year, the company has raised almost €1m and is now looking for more to expand into new markets. All the while, McNerney plans to grow his Lotts & Co grocery chain.

Cait Caden
19th Oct, 2021 - 5 min read

Tactics, audits, litigation: Inside Revenue’s 10-year probe into pharma and IT contractors’ tax

The Irish tax authority has forced settlements from 600 contract workers at pharma and IT giants for overstating their travel and business expenses. Drawing from documents obtained under FOI, new data and legal filings, this is the story of Revenue’s 10-year contractor probe.

Ian Kehoe
28th Sep, 2021 - 11 min read

Banking as a service: Former BoI executive Nick Fahy’s £35m gamble on a new business model for banking

Former Bank of Ireland executive Nick Fahy is building a hybrid business bank, with customer-facing staff backed up by Google’s AI technology.

Sean Keyes
24th Sep, 2021 - 5 min read

“We need to make money to survive. And it has to survive” – meet the social entrepreneur developing anti-bullying software for schools

In 1920s America, a psychiatrist and educator had designed a way of identifying group dynamics and harmful behaviour patterns among schoolchildren. One century later, a former Irish teacher has harnessed modern technology to make it work.

Ian Kehoe
24th Sep, 2021 - 5 min read

“It’s not about making money – it’s about making that money have a really, really successful impact”

Thriftify has opened the online shopping market to charity shops. Two years after joining its founding team, Emily Beere discusses tripling sales every month during Covid-19 lockdowns, raising venture capital, and moving to London to conquer the UK.

Thomas Hubert
22nd Sep, 2021 - 5 min read

After 22 years and €59m in losses, Irish TV tech firm Emuse is calling in a liquidator

The company’s technology has been used in campaigns for Barbie, Audi and the Pirates of the Caribbean: At World's End movie. But facing mounting losses and the exit of a key client, Emuse is collapsing into liquidation.

Ian Kehoe
10th Sep, 2021 - 3 min read

Powered up: How a Donegal engineering company sold for $2bn – and who is cashing in

Riding the data centre boom, the border business E&I Engineering has just been acquired by US tech multinational Vertiv. How did it achieve unicorn status, and who are the shareholders behind Cyprus holding companies set to reap the benefits?

S. Keyes and T. Hubert
9th Sep, 2021 - 4 min read

Swrve’s salvage operation: Letters of comfort, debt deals and convertible promissory notes

Irish software company Swrve has raised close to $140m from Isif, Atlantic Bridge and others. However, after burning through most of its funds without making a profit, the firm has now raised more $8m in debt and restructured around $10m in loan notes.

I. Kehoe and T. Lyons
8th Sep, 2021 - 4 min read
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