An Irish-incorporated unit of Stripe, the payments tech company founded by Limerick brothers Patrick and John Collison, is resident in Bermuda for tax purposes, new accounts reveal.
Revenues at Stripe Payments International Holdings, which runs Stripe’s non-US business, were $297.3m (€263m) last year, up sharply from $123.5m in 2016. The company lost $74.5m, on top of a $72.8m loss in 2016.
Stripe is parent to three Irish companies which hold shares in Stripe sales firms in the UK, Japan, Singapore, Australia, New Zealand, Malaysia, India and Indonesia. It said that an Irish trading subsidiary was subject to Irish corporation tax but the parent, which licenses technology to a subsidiary, was tax resident in Bermuda, a structure used by many multinational groups.
Stripe Payments had staff…
https://www.thetimes.co.uk/article/stripe-makes-straight-line-for-bermuda-tax-haven-m7skjknrgBagikan Berita Ini
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