Dublin-based online payment group PayPal
– a subsidiary of web auction giant
eBay – is moved a significant
portion of its business to Singapore for accounting and taxation purposes,
according to reports.
The decision to relocate the majority of the company’s assets overseas was
part of a ‘’tax realignment’’ strategy, a spokesperson for eBay told the Irish
It means that 85% of PayPal’s annual revenues will now move overseas.
The company said it continue to operate out of Dublin. EBay and PayPal employ
more than 1,000 people in Ireland in total.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year