Oracle pays €58m in tax

The main Irish subsidiary of US software and hardware giant Oracle last year paid corporation tax of €58m as revenues topped €7.85bn.

Newly-filed figures, lodged by Oracle EMEA Ltd, show the firm recorded a pre-tax profit of €127.4m — a drop of 22% on the €164.4m recorded in 2013.

The Dublin-based firm paid a dividend of €200m to its parent last year, after paying no dividends in 2013 and 2012. The firm’s principal activities in Ireland comprise of the manufacture and sale of computer hardware and software products in Europe, the Middle East and Africa (EMEA), together with the associated translation, finance and marketing services.