Microsoft records profits in Ireland, but did not pay taxes: Here’s the trick

Microsoft records profits in Ireland, but did not pay taxes: Here's the trick

As we all know, last year’s Stay-at-Home-Economy raised the pockets of Silicon Valley scuba divers, Elon Musk and Jeff Bezos. These include Bill Gates, who pocketed the tech giant Microsoft in Ireland. Record the profit Thanks for selling the copyrighted software, $ 314.7 billion.

This figure actually ended up in the subsidiary’s coffers Round Island One Limited, Based in Dublin. However, Irish taxman Redmond did not collect even one percent of the giant’s profits: Here’s the trick.

Microsoft records profits in Ireland, but did not pay taxes: Here’s the trick

Round Island One Ltd, i collects on behalf of parent Microsoft License fee For use with proprietary software. A Big turnover, If we think about the portfolio of programs that the parent company can focus on, from the education sector to digital media.

Subsidiary, untied here, operating Physical position 70 Sir John Rogerson’s Quay, Dublin, but there Tax residence This is a turning point in the unpredictable Bermuda archipelago of dumping. Corporate profit tax. Moreover, the workforce is shrinking to the bone: no employees, three directors, all Americans.

Microsoft received two dividends behind the jump in revenue 55 billion In total, the other two subsidiaries were demolished and the resulting liquidation took place, with the assets merged into Round Island One Limited. Thus, profits increased within a year 10 Over 300 billion.

The shadow of the lowest tax on Microsoft

The proposal put forward by both Biden-Yellen is now well-oiled gear, which means that the global minimum tax for multinationals – rates have not yet been set, but will go up to 15% – will reduce the overall speed Tax exemption Of large groups.

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In London today and tomorrow G7 Finance Ministers Meeting, And will be one of the binders on the corporate tax list. Once a certain square of the rate is found, the new tax is likely to be approved by the end of the year.

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