Ireland is the world’s biggest corporate ‘tax haven’, say academics

Study claims State shelters more multinational profits than the entire Caribbean

Dublin’s IFSC. A new study estimates that foreign multinationals shifted $106 billion   of corporate profits to Ireland in 2015. Photograph: Jason Alden/Bloomberg

Dublin’s IFSC. A new study estimates that foreign multinationals shifted $106 billion of corporate profits to Ireland in 2015. Photograph: Jason Alden/Bloomberg

Ireland is the biggest “tax haven” in the world used by multinationals to shelter profits, according to a new study by economists from the United States and Denmark.

The research from academics at the University California, Berkeley and the University of Copenhagen estimates that foreign multinationals shifted $106 billion (€90 billion) of corporate profits to Ireland in 2015.

Please subscribe or sign in to continue reading.
only €1 first month

Insightful opinion is just a away.