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.
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.
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.
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.
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