Firm gets tax relief on $7bn rights

Multinational management consultancy Accenture is receiving tax relief on the $7bn (€5.4bn) it spent building up a portfolio of intellectual property rights.

Accenture, headquartered in Grand Canal Dock in Dublin, incorporated in Ireland in Sept 2009 and in doing so moved its intellectual property rights from Luxembourg to Ireland through a share exchange.

Clients include some of the biggest companies in Ireland, Microsoft, Pfizer, Kerry Group, and AIB as well as major branches of the Government including, An Garda Síochána, Revenue, and the Department of Justice.