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Full coverage: Technology

Eoghan McCabe helped build a billion-dollar business. How did the 36-year-old do it, and what will he do next?

Eoghan McCabe has just moved back to Dublin from San Francisco. Having transitioned from CEO to chairman of Intercom, the entrepreneur talks about winning customers like Amazon, Trump’s America, wealth, investing and the future.

Tom Lyons
11th Aug, 2020 - 21 min read

Memory erased: Sandisk funnels $2bn back to Silicon Valley after restructuring Irish operations

Another day, another multi-billion dollar liquidation of a healthy Irish subsidiary by a multinational. Western Digital has taken advantage of US tax breaks to repatriate profits accumulated over the past 15 years by the popular brand of USB drives.

Thomas Hubert
6th Aug, 2020 - 4 min read

Billion-euro subsidiary transfers complete the picture of Symantec’s Irish onshoring

The consequences of the Apple case continue to reverberate, with the recently renamed NortonLifeLock just one of the multinationals changing their corporate structures. After intellectual property transfers and the liquidation of corporate entities straddling Ireland and Jersey, new filings provide the missing piece of the jigsaw in the US online security giant’s Irish move: the consolidation of its global sales empire in a Dublin business park.

Thomas Hubert
17th Jul, 2020 - 2 min read

EU court quashes €13bn Apple decision against Ireland – and leaves the door wide open to an appeal

Judges in Luxembourg have found that the European Commission failed to prove Irish tax deals with Apple were illegal. The main reason? Investigators didn’t go far enough in their probing of the Revenue’s “incomplete and occasionally inconsistent” rulings.

Thomas Hubert
15th Jul, 2020 - 2 min read

A corporate Cadence: How moving billions’ worth of IP to Ireland doubled a Silicon Valley firm’s annual profit

An Irish subsidiary of professional software multinational Cadence recently disclosed new balance sheet data in routine filings associated with a merger. They showed its assets had just jumped by $4.7 billion.

Thomas Hubert
1st Jul, 2020 - 5 min read

Hostelworld finds backers, but not among its own ranks

The Dublin-based online backpackers’ booking service this week rallied investors and banks to see it through the pandemic. Yet despite commitments to build significant personal stakes in the business, the company’s executive directors have yet to do so.

Thomas Hubert
26th Jun, 2020 - 4 min read

Going, going, gone: The race is on to get Ireland’s 100 marts online

Live streams, smartphone bids and USB gavels became features of livestock sales as soon as the Covid-19 lockdown closed marts to the public. Technology providers are vying for this business, which appears to be here to stay.

Thomas Hubert
26th Jun, 2020 - 8 min read

Another one bites the dust: Symantec in $8.3bn double Irish liquidation

The US-based cybersecurity multinational recently renamed NortonLifeLock is winding up a multi-billion dollar Irish-registered subsidiary. None of its 500-plus Irish jobs are at risk, but the paper move illustrates the staggering sums routed through shifting tax structures.

Thomas Hubert
25th Jun, 2020 - 3 min read

War in the C-suite: Over-C blocked from dismissing CFO pending full trial

After raising €10 million from investors, Cork-based software company Over-C has been told by the High Court it cannot fire its chief financial officer pending a full trial. The case promises to shine a spotlight into the boardroom of the high-profile tech business led by Michael Elliott.

Tom Lyons
25th Jun, 2020 - 3 min read

“Consumers will trust in businesses that clearly say they care about your data” – Kieran raises $13.5m for privacy start-up

Irish entrepreneur Cillian Kieran's data privacy start-up Ethyca has just closed its second funding round. In an in-depth interview, he discusses dealing with investors in Wall St and Silicon Valley, doing business in the US amid a pandemic and civil rights protests – and disputes the suggestion that the liquidation of his previous business was a failure.

Thomas Hubert
11th Jun, 2020 - 17 min read
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