Adobe pays €35m tax on €1.9bn revenue

The main Irish unit of US software giant Adobe paid just $41m (€34.7m) in corporation tax last year, despite its revenues rising by 19% to $2.23bn (€1.88bn).

Newly-filed accounts for the Citywest-based Adobe Systems Software Ireland Ltd show pre-tax profits increased by 36% to $60.58m last year. The company had paid $28.9m in tax in 2015.

The company acts as the intermediate holding company for Adobe’s subsidiaries in Europe, Africa, and the Asia-Pacific regions and also operates two branches in Singapore and Dubai.