🕵️‍♂️🏝️ UCD Professor Aidan Regan is exposing the risk of Ireland’s “tax mirage” 🧵 ✍️ @aidanregan.bsky.social www.ucd.ie/newsandopini... - ThreadSky

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ucddublin.bsky.social • 6 days ago

🕵️‍♂️🏝️ UCD Professor Aidan Regan is exposing the risk of Ireland’s “tax mirage” 🧵

✍️ @aidanregan.bsky.social

https://www.ucd.ie/newsandopinion/news/2025/may/7/ucdresearchexposesriskofirelandstaxmirage/

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ucddublin.bsky.social•6 days ago

🔎 The major new investigation led by @ucdpolitics.bsky.social Prof Regan has revealed that nearly $1 trillion (€930bn) in intellectual property, such as patents, software, and licensing rights, is now held in Ireland by multinationals, with the value of these intangible assets tripling since 2014.

ucddublin.bsky.social•6 days ago

🇺🇸 Major corporations involved include Microsoft, Salesforce, Adobe, Dell Technologies, The Coca-Cola Company, and pharmaceutical firms AbbVie and Johnson & Johnson.

ucddublin.bsky.social•6 days ago

📑 Ninety per cent of these intangible assets are concentrated in just 80 Irish subsidiaries, almost all of which are owned by US-based multinationals.

🗣️ Professor Aidan Regan: “This is not just a story about tax. It is a story about democracy and wealth concentration."

ucddublin.bsky.social•6 days ago

“Ireland has done remarkably well from the global profit-shifting strategies of US multinationals but the entire growth model is premised on the US government tolerating this."

ucddublin.bsky.social•6 days ago

“The tax base is extremely concentrated, which is not sustainable. The extent of profit shifting is reflected in the nonsensical GDP figures, which make Ireland look a lot richer than it actually is. It completely distorts how we measure the economy.”

ucddublin.bsky.social•6 days ago

Between 2012 and 2022, annual pre-tax profits reported in Ireland increased by 207%, reaching more than $210 billion (€194bn).

The research was conducted as part of Professor Regan’s European Research Council-funded project, Democracy Challenged, in collaboration with the @businesspost.bsky.social

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