Brussels is challenging the “double Irish” tax avoidance measure prized by big US tech and pharma groups, putting pressure on Dublin to close it down or face a full-blown investigation.
As part of an ambitious and contentious tax clampdown, Europe’s top competition authority asked Dublin earlier this year to explain the controversial tax system used by the likes of Google, Microsoft, Facebook and Abbott Laboratories.
The initial enquiries have signalled that Brussels wants Dublin to call time on the tax gambit, which has helped Ireland become a hub for American tech and pharma giants operating in Europe.
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