Sunday October 25, 2020

Biggest multinationals paid €214m in tax

Five of the biggest US tech multinational subsidiaries here reported sales of over $50 billion in Ireland in 2010, but paid just €214 million in Irish corporation tax.

15th September, 2012

Five of the biggest US tech multinational subsidiaries here reported sales of over $50 billion in Ireland in 2010, but paid just €214 million in Irish corporation tax, according to a detailed analysis of their accounts by Glas research in Dublin.

The analysis shows that while the companies have sizeable operations here and employed almost 4,000 people, they used legal tax structures to allow them to declare very small profits in Ireland, and thus to pay relatively...

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