Tuesday September 22, 2020

Riverdeep deal driven by tax

Riverdeep has taken a huge bite out of the US tax take.

9th December, 2006

What the US authorities will make of Riverdeep’s $3.4 billion acquisition of US book publisher Houghton Mifflin remains to be seen. That is, once they realise that Riverdeep plans to park Houghton’s future profits and intellectual property in Ireland in order to avoid higher US taxes.

The disclosure is likely to be all the more galling when you consider that the US taxpayer foots the bill for many of the schoolbooks that...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago