Big multinational firms have found this damp corner of Europe a good place to magic away profits that are then taxed at one of the world’s lowest rates https://t.co/HrchirwKx0 ...

Big multinational firms have found this damp corner of Europe a good place to magic away profits that are then taxed at one of the world’s lowest rates https://t.co/jwhIHSmiwx ...

Big multinational firms have found this damp corner of Europe a good place to magic away profits that are then taxed at one of the world’s lowest rates https://t.co/FgABRCxmVW ...

A large range of American companies stow their intellectual property in Ireland. To illustrate this, let's pretend to set up our own multinational tech firm, Big Comp. Big Comp's assets are entirely controlled by a holding company that's based in the US. It's called Big Comp Holding Company, and it has a subsidiary, Big Comp International.The subsidiary is based in Ireland, where tax rates are relatively low. Big Comp is working on a new smart device. The Irish subsidiary buys licenses for its hardware, sof ...

Here's how much money you'd get to keep if you made a million around the world. In California, after federal and state taxes, you'd take home about $530,000. In Germany, you'd be left with roughly $550,000.In Australia, it's not much better at about $560,000. In the UK, you'd get to keep around $610,000. And in Dubai, if you make $1 million, you get to keep the full million. ...

Over the past three decades. US corporations set up shop in Ireland. In 1996, about 3% of US businesses with global operations had Irish affiliates.By 2022, 25% of them opened Irish businesses. You really cannot talk about US multinationals in the last few decades without talking about Ireland. Big US corporations, that's technology companies like Apple, Microsoft or big pharmaceutical companies like Pfizer.Their tax strategies for, for many decades at least, were built around the role of Ireland. Something ...