Firm paid no tax on €57m revenues

The Irish subsidiary of multinational Creative Labs posted revenues of $77.4 million (€57.4 million) in its most recent financial year, but paid no tax in Ireland.

27th January, 2013

The Irish subsidiary of Creative Labs, the multinational computer equipment manufacturer, posted revenues of $77.4 million (€57.4 million) in its most recent financial year, but paid no tax in Ireland because of a low profit margin and tax write-offs.

Creative Labs (Ireland) reported that its revenues had declined by 15 per cent in the year ending June 30 2011, from $91.5 million to $77.4 million. Revenues from sales across Europe were channelled through the Irish operation.

Despite the revenue dip, the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago