# Multinationals
Last month
October 2023
Irish GDP set to contract for the first time in over a decade, ESRI says
The ESRI report states that this is the first episode of negative GDP growth since 2012.
This year
2023
15% corporation tax rate for large multinationals to be introduced from next January
Finance Minister Michael McGrath confirmed that he will bring a memo to Cabinet this week to introduce the measure.
John Gibbons: Shell made record profits as the planet burns - welcome to the toxic oil industry
The environmental campaigner questions how a global fossil fuel giant can record its highest profits ever in the shadow of a climate crisis.
All time
Corporate tax to increase from 12.5% to 15% as Ireland agrees to back global reforms
The new rate will apply to companies with a turnover of over €750 million.
The new rate will apply to companies with a turnover of over €750 million with SMEs paying 12.5%.
Until today, Ireland was among a handful of states that had not agreed to the OECD-led plans.
The new tax regime could be in place by 2023.
Brexit and global Covid-19 setbacks represent biggest threats to Irish economy, says Central Bank
Mortgage transactions have recovered since the summer, according to the latest data.
Ireland's corporation tax receipts set to take a hit under new rules and fall by up to €2bn
Ireland’s corporation tax increased again this year.
'Returnships' to be introduced to help women get back into the workforce
Minster Regina Doherty said women often lack the “confidence and belief in themselves” to return to work after a long period of time.
Donald Trump tells businesses to bring back jobs from 'places like Ireland'
He said that US infrastructure “used to be the best in the world”, but was now “literally like a third world country”.
FactCheck: How much do multinationals actually contribute in taxes?
FactCheck looks into a set a claims made over the airwaves and in the Dáil in the past week.
Ireland could lose millions in tax as Facebook shifts UK profits back to UK
The tech giant paid just €5,000 in corporate tax in the UK in 2014, by routing its profits through Ireland.
This is how much tax Google paid in Ireland last year
The company employed nearly 3,000 people across Ireland in 2014.
Two of Ireland's biggest tech employers are getting together in a colossal merger
Dell is taking over EMC for a staggering $67 billion – the world’s largest-ever tech deal.
The EU is considering a minimum corporate tax rate, and that's bad news for Ireland
Pressure from Germany and France could see the European Commission reveal an initial plan on the matter next month.
Ireland's largest firm could be about to get a whole lot larger
CRH is in talks to buy up to €6 billion worth of assets from two rival firms.
These regions were the winners and losers for multinational investment last year
The IDA has admitted it is still falling well short of its regional development target.
Apple is worried it will have to pay back-taxes to Ireland... and the bill could be BIG
Grief over that claimed ‘sweetheart’ tax deal just won’t go away.
Multinationals were worth less to the Irish economy last year as the Viagra effect wore off
Big pharma struggled thanks to the “patent cliff” kicking in.
David Cameron is not happy with Ireland's tax regime - because he 'wants our jobs'
The British PM isn’t into the Double Irish
Here's what we know about the EU's claim that Ireland gave illegal State aid to Apple
They say that Apple was given an advantage over competitors.
Here's how Richard Bruton plans to create 7,000 jobs a year in multinational companies
We will be “competing to win”, the Minister said.
Ireland second to Bermuda as 'conduit' for taxable income of US multinationals - IMF staff paper
Corporate tax avoidance is bad for the global economy, paper reports.
Burton wants to phase out "shelters" that help millionaires avoid tax
The Labour Minister said that this must be accompanied by a “strong safety net” to protect people.
Pfizer, IBM and Microsoft to show small Irish businesses how to make it big
Over 3,000 small businesses in Ireland have already had the chance to take part in the programme which is run by a non-profit support forum.
Sunbeds, Prince Harry, and Superquinn sausages: The week in numbers
Plus: What percentage of teenagers have received a sexual message online?
Legality of tax loopholes to be investigated by the European Union
The head of the authority said today that certain Member States have been asked to provide further information on their tax affairs.
Multinational companies paid just 2.2 per cent tax in 2011 - report
A new study from Trinity College contradicts the government position on multinationals’ tax rates, but had been criticised.
Column: Ignorance, avoidance, distortion – media coverage of the Corrib gas project has failed
The Irish media has failed to properly report on the local community’s resistance to Shell in Mayo. The reason? Journalism has fewer and fewer resources to filter the truth from the propaganda, Harry Browne writes.
Multinational companies seriously concerned over possible power outages
Retail Excellence said stores will be forced to close for the duration of the strike and many may not reopen.
Column: Calling time on multinational imperialism
With employment figures finally on the up and job announcements by the likes of Microsoft making the headlines, it is time to start cheerleading our thriving start-up sector, writes Paul Allen.
UK officials face questions over multinational tax affairs
The Commons’ Public Accounts Committee is said to be skeptical about Google’s explanations of UK ad sales booked through Ireland.
US senators welcome Irish tax reforms
The two US senators, one a former presidential candidate, say that Ireland should “close the door” on tax abuses.
Enda Kenny: Our corporation tax is not in question from anyone, ok?
The Taoiseach has defended Ireland’s corporation tax regime against questions about ‘sweetheart’ deals for some US multinationals.
EU probe into Ireland tax deals with multinationals
The probe, by the European Commission, also looks at Luxembourg and the Netherlands – but the Department of Finance said that “no formal EU state aid enquiry has been launched”.
The technology sector is open for business, but there's a shortage of suitable candidates
A survey of 38 major tech companies estimates there’s 4,500 job vacancies in the ICT sector, but there is a major skills shortage.
Irish multinationals employed almost 249,000 abroad in 2010
Figures show the UK was the most important destination country for Irish businesses abroad.
Over 13,000 multinational jobs created in Ireland last year
Twitter, Intel, Coca-Cola and Paypal all made ‘significant’ investments in Ireland in 2011, helping increase the number of jobs created by foreign companies in Ireland.
