Microsoft’s Irish subsidiary made €260 billion in profit last year – an amount equal to 75 per cent of Ireland’s GDP – but it has no employees and paid no corporate tax to the state.
THE Irish subsidiary which collects global licence fees for the use of Microsoft’s copyrighted software. Ireland’s GDP is €375 billion per annum and it has a corporate tax rate of 12.5 per cent.
Microsoft’s tax statement says, “As the company is tax resident in Bermuda, no tax is chargeable on income.” Corporation tax does not exist in Bermuda.
In Ireland, Microsoft has no employees, only directors and the company insists it is tax compliant.
A spokesperson for the company said: “Microsoft has been operating and investing in Ireland for over 35 years and is a long-time taxpayer, employer and contributor to the economy. Our organisational and tax structure reflects our complex global business. We are fully compliant with all local laws and regulations in the countries where we operate.”
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