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Sat 10 Oct 2008Successful Synopsys appeal likely to boost Irish tax incentive scheme
MULTINATIONALS:A US multinational software group has successfully appealed a bill for more than $477 million (€356 million) from the US Internal Revenue Service (IRS) issued after a review of transfer pricing arrangements with its Irish subsidiary.
The successful appeal by Synopsys, a world leader in software for semiconductor design and manufacturing, is a boost to Ireland's strategy of using tax incentives to attract foreign direct investment.
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