Microsoft Irish subsidiary paid zero corporate tax on £220bn profit last year

Microsoft Irish subsidiary paid zero corporate tax on £220bn profit last yearJune 3, 2021

Microsoft Round Island One is ‘tax resident’ in Bermuda with no employees except directors

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.

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