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Business Today |
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Thursday, 02 July, 2026 | | |
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Editor's Note |
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Good morning, reader |
Microsoft’s Irish operations paid tax of $5.6 billion (€4.9 billion) last year, almost a fifth of total global taxes it paid in the year, according to a filing by the company under new European Union disclosure rules. Killian Woods reports.
Sticking with the technology sector, social media company TikTok is looking to cut as many as 300 jobs from its Irish workforce as part of a restructuring at the Irish headquarters. The cuts will bring redundancies at the group’s Irish operations to more than 1,000 since the start of 2024, writes Ciara O’Brien.
Meanwhile, IDA Ireland says the pace of multinational investment into Ireland accelerated in the first six months of 2026 despite the ongoing global uncertainty. Eoin Burke-Kennedy was on hand at the presentation of the figures.
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Dominic Coyle |
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