Microsoft s Irish subsidiary paid zero corporate tax last year
Today, 07:09
An Irish subsidiary of Microsoft made a profit of €260bn last year but paid no corporation tax, as it is resident for tax purposes in Bermuda, The Guardian reports. The company, Microsoft Round Island One, posted profits last year equal to nearly 75 percent of Ireland s entire GDP – despite having no employees.
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Today, 07:25 For the first time, the offenses against the financial interest of the EU will be investigated in an integrated strategic manner by a prosecutorial body with supranational jurisdiction, EU chief prosecutor Laura Kövesi said.
Microsoft Round Island One is "resident" in Bermuda for tax purposes and posted a profit equal to three-quarters of Ireland's entire gross domestic profit (GDP) in 2020.