Microsoft moves $52.8bn of assets from Singapore to Ireland

now the epicentre of software giant’s European and Asian operations.

Software giant Microsoft has moved $52.8bn of from Singapore to . The move also includes the transfer of its Asian trading hub to Dublin.

In effect Microsoft’s European headquarters in Dublin has assumed control of the company’s operations for the entire Asia-Pacific region.

According to The Irish Times, citing company filings, Microsoft subsequently wrote down the value of the Singapore assets by $3.4bn, resulting in a paper loss for the Irish company.

Bits and bytes

Microsoft has been in since 1985 and now employs more than 2,000 people at its giant new campus in Sandyford.

The software giant’s Irish company is understood to have paid a $3.5bn dividend to its US parent, a 10-fold increase on the previous year.

Revenues filed from Ireland which includes performance of other units in Luxembourg, the Netherlands, Germany and South Africa rose $22.8bn to $27.5bn, a 20pc increase, due to increases across all lines of business, intelligent cloud, more personal computing and productivity and business process.

However, despite the sales increase profits slipped from just over $1bn to $885m due to increases in corporation tax paid in Ireland.

Microsoft’s Irish trading unit values its lands and buildings at more than $1.3bn, which include the Sandyford operation, its massive data centre facility in Grangegorman and potentially other properties in Europe.

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