Microsoft’s Irish subsidiary paid zero corporate income tax of £ 220bn last year | Tax havens
[ad_1] An Irish subsidiary of Microsoft made a profit of $ 315bn (£ 222bn) last year, but did not pay corporate tax as it is “resident” for tax purposes in Bermuda. The profit generated by the company, Microsoft Round Island One, is equivalent to almost three-quarters of Ireland’s total gross domestic product (GDP), even though … Read more