By Deirdre Tynan • 04 June 2021 • 9:51
The founder of Microsoft, Bill Gates.
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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Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.
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