Analysis > tax

The Apple tax ruling and the implications for its Irish operations

By Will Goodbody, Science & Technology Correspondent The Apple tax ruling is an extraordinary multi-faceted and many layered story, with implications regionally, nationally, internationally. The announcement that the amount of unpaid taxes owed by the Cupertino based company was of the order of €13bn, likely induced sharp intakes of breath among foreign multinational executives here. But regardless of the rights and wrongs of the situation, what does it all mean for Apple’s operations in Ireland, for the tech industry here, and the …

Tax-driven productivity

The Chief Economist of the OECD, Catherine Mann, was in town last week giving the keynote lecture at the Department of Finance’s annual Tax conference. Dr Mann’s theme was how tax systems can boost productivity growth. And she delivered some pretty blunt messages about the tax system, the multinationals and the “real” Irish economy. Straight up she said Ireland will lose tax revenue from multinationals as a result of the BEPS (Base Erosion and Profit Shifting) project of the OECD, …

Google’s tax arrangements here only part of the story

By Will Goodbody, Science & Technology Correspondent Google Ireland’s 2014 financial results are interesting on a whole range of levels. The headline grabbing revelation is of course that the company paid a mere €28.6 million in corporation tax here last year on an eye popping turnover of €18.3 billion. All perfectly legal of course, because Google Ireland uses a sophisticated system which involves paying its sister companies elsewhere in the world for services booked here, in order to reduce its …

The strange world of non-tax revenue

How are we going to cope when the non-tax revenue the State has come to rely on starts to wind down over the next few years? This is an important question, and it’s raised by Central Bank economists Ronan Hickey and Diarmaid Smyth in a paper published today in the latest Central Bank Quarterly Bulletin. Non-tax revenue is money that flows into the state coffers from sources other than tax, and it’s rocketed in recent years – going from €0.6bn …