Microsoft Irish Subsidiary Paid Zero Corporate Tax An Irish s | Read Less - Know All

Microsoft Irish Subsidiary Paid Zero Corporate Tax

An Irish subsidiary of Microsoft made a profit of $315bn (£222bn) last year but paid no corporation tax, as it is “resident” for tax purposes in Bermuda. The company, Microsoft Round Island One, posted profits last year equal to nearly three-quarters of Ireland’s entire gross domestic product (GDP) – despite having zero employees. Its profits jumped from just under $10bn the previous year and compare with Ireland’s 2020 GDP of €357bn ($437bn).



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