PayPal Europe had €201m turnover

PayPal Europe, the European subsidiary of the eBay-owned online payments firm with a significant presence in Ireland, recorded turnover of €201 million last year before moving its registration to Luxembourg.

12th July, 2008

PayPal Europe, the European subsidiary of the eBay-owned online payments firm with a significant presence in Ireland, recorded turnover of €201 million last year before moving its registration to Luxembourg.

The British-registered company saw its turnover fall from €275 million in 2006, but relocated its headquarters to Luxembourg on July 2, 2007, and did not record any revenues after that date.

Although now registered in Luxembourg, most of PayPal’s European operations are located in Dublin, where it and...

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