Rapt Touch hoped to crack the multi-billion-euro touch-screen technology market but found things hard-going. Its biggest backer, Dermot Desmond, has now appointed a receiver to two firms behind it.
Which channel will be more important to the recovery? Will it be bricks or clicks? Can we level the playing field for Irish firms abroad? It is time for a digital single market.
Forget the paltry €13 billion under dispute in the state aid case between Ireland, Apple and the EU – the Silicon Valley giant continues to repatriate much bigger cash reserves accumulated here, for the benefit of its ultimate shareholders.
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.
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.
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.
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.
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.
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.
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.
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