Shift Income to Ireland – Save Hundreds of Millions in Taxes

The Wall Street Journal has a nice article about how companies save millions of dollars in taxes by channelling licensing revenue through offshore affiliates. According to the article, in Microsoft’s case, running licensing revenues through a small affiliate in Ireland saves hundreds of millions of dollars in taxes. This affiliate operates out of the offices of a Dublin law firm that advertises its expertise in helping multinational companies use Ireland to shelter income from taxes.