Bermuda

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Google’s Dublin offices. Latest figures indicate that its Irish operation had revenues of €15.5 billion during 2012. However, it ended up paying Irish corporation taxes of just €17 million.  Photograph: Cyril Byrne

When Taoiseach Enda Kenny was grilled over Ireland’s low tax regime for multinationals on a visit to Paris last week, he fell back on a familiar defen(...)

Google  uses an elaborate structure that routes its European sales through Dublin. The unit pays billions in royalties to another Irish company for the rights to Google’s various patents. Photograph: Cyril Byrne

The alarm bells began to ring within minutes of the US Senate hearings into the tax practices of Apple last May. Over in Washington DC, Ireland(...)

Digicel, the telecoms group owned by businessman Denis O’Brien, operates mobile networks in the Caribbean, Central America and the south Pacific .Photograph: David Sleator

Digicel, the telecoms group owned by businessman Denis O’Brien, plans to borrow more than €360 million from the capital markets to cover general compa(...)

Pádraig Harrington lines up a putt  on the fifth green during the pro-am for the Turkish Airlines Open at the Montgomerie Maxx Royal Course  in Antalya, Turkey. Photograph:  Dean Mouhtaropoulos/Getty Images

Pádraig Harrington has faced more make-or-break moments in his career. That must-make up-and-down over the burn in front of the 18th at Carnoustie, fo(...)

John Bohan: “There have been so many pyramid schemes for investment. There hasn’t been proper regulation in some cases or oversight. A fund administration company provides that oversight.” Photograph: Cyril Byrne

Ireland is known for a lot of things – Guinness, leprechauns, the Celtic Tiger – but in financial circles hedge funds are the words on everyone’s lips(...)

Adam Scott of Australia in action on his way to winning the PGA Grand Slam of Golf at Port Royal Golf Course  in Southampton, Bermuda. Photograph: Ross Kinnaird/Getty Images

Masters champion Adam Scott fired a course-record 64 to storm past Justin Rose and claim victory at the PGA Grand Slam of Golf in Bermuda. Rose had le(...)

The Apple logo hangs inside the glass entrance to the Apple Store on 5th Avenue in New York City. Photograph: Mike Segar/Reuters

Ireland wants to play fair and “play to win” in relation to international competition for inward investment, the Minister for Finance, Michael Noonan,(...)

The main focus of the SPD’s concern appears to be Angela Merkel’s support for the use of the European Stability Mechanism to directly recapitalise ailing banks across the euro zone

Reports that Ireland’s tax policy has become an issue in coalition talks in Germany between Chancellor Angela Merkel’s Christian Democrats and the cen(...)

The Google  company logo sits at their European headquarters in Barrow Street, Dublin.
Google shifts €9bn to Bermuda

Google funnelled €8.8 billion of royalty payments to Bermuda last year, a quarter more than in 2011, underlining the rapid expansion of a strategy tha(...)

Barry O’Leary chief executive of the IDA said:  “We do promote the tax credits that are available for research and development investment.”

“Cautiously optimistic” is the line from IDA Ireland on the state of foreign direct investment into Ireland for the remainder of the year. Given the l(...)

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