Foreign-owned multinationals paid less than the headline 12.5 per cent corporate tax rate in Ireland for eight straight years while their profits soared to just shy of €100 billion, new research has found.
A report commissioned by the Department of Finance shows that the Irish subsidiaries of global firms paid an indicative effective corporate tax rate of between 8.7 per cent and 11.9 per cent each year between 2013 and 2020.
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