Tiny Microsoft Subsidiary Most Profitable Company In Ireland
from the funny-how-that-works dept
theodp writes "A week after the head of a US tax-research group accused Microsoft of pretending it makes all of its money in Ireland in order to pay minimal tax comes news that Round Island One, the Microsoft company that licenses software for Europe, the Middle East and Africa, is by far the most profitable company in Ireland. Joining Microsoft in its Irish tax haven is a who's-who of American high-tech that includes subsidiaries of Intel, Google, Yahoo!, Oracle, Apple, Symantec and Amazon, a trend that has not gone unnoticed by the IRS." We recently discussed both Microsoft's and Google's use of Irish subsidiaries.
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Hmmmm
I guess I'll go drink some green beer and quit paying taxes too....
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No Subject Given
This "problem" would not exist if income tax was abolished. A consumption tax is the way to go.
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Come to Ireland!
Ireland's low corporate tax rate of 12.5% on trading profits has been a magnet for multinational companies who are responsible for 90% of Irish exports and a significant contributor to the success of the modern Irish economy, commonly known as the Celtic Tiger. finfacts.com
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