Nick’s Coffee Shop, Ranelagh, Dublin 6
Web Summit founder Paddy Cosgrave talking to RTÉ’s Philip Boucher Hayes and addressing media about his role in a campaign that anonymously targeted European Facebook users in 10 countries with advertisements about Ireland’s corporate tax system saying it was his ‘patriotic duty’.
Web Summit founder Paddy Cosgrave has spent what he described “a very small amount” of about €20,000 on Facebook ads highlighting Ireland’s corporation tax regime.
He said he would not be taking any more measures to highlight the country’s tax regime, adding that he thinks “the game is up” and that Ireland should “start to close down all of these things.”
…In respect of his own company Amaranthine, a San Francisco-based venture capital fund, which is incorporated in Delaware, Mr Cosgrave said
“it is more tax efficient to incorporate out of Ireland, but that fund is operated out of the United States…it is the standard procedure for venture capital funds [to set up there].”
What we wouldn’t do.
Paddy and me, Act II
— Philip Boucher-Hayes (@boucherhayes) April 17, 2019
So Paddy Cosgrave attempted to hand Philip Boucher Hayes an envelope with €500 quid, as a prize for apparently avoiding the elephant in the room on tax avoidance. @boucherhayes refuses to accept pic.twitter.com/Nx1bjd5HTX
— Jack Power (@jackpowerIT) April 17, 2019