Microsoft, tax avoider

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RTE in Ireland has reported:

Accounts for Microsoft Ireland Research, an Irish subsidiary of the global software giant, show that the company paid just €460,000 in tax, on profits of more than €1.2 billion last year, by using provisions in Irish tax law to take its corporation tax bill down from €158m. Much of Microsoft’s international profits are channelled through Ireland, but because the main company for Microsoft’s activities has unlimited liability, it does not have to file detailed accounts.

You couldn’t make it up. That’s 0.04% tax.

Corporate social irresponsibility in a parasitical state writ large, I suggest.

And it’s this sort of behaviour that finances Bill Gate’s philanthropy. I cannot tell you how angry that makes me.

Disclosure: I am an Irish Citizen. I do use Microsoft products.