Microsoft’s LinkedIn became the latest technology company to establish a new campus in Dublin on Friday when it signed a 25-year lease to add three adjacent office blocks to its new European headquarters.
Microsoft’s LinkedIn last June said it would raise its Irish-based staff from 1,200 over the next year to 2,000, as it moved into a new headquarters of 14,000 square meters (150,000 square feet) by the end of 2020.
In a statement, LinkedIn agreed to add the remaining 40,000 square meters of office space to the development of Wilton Park in central Dublin, the campus landlord IPUT, Dublin’s largest office owner, said.
The move offers enough room for the U.S. technology company to raise its headcount by more than 4,000 employees, the Irish Times reported. Microsoft employs 2,000 people in other parts of Ireland separately.
Facebook Plans to Buy New 57,000 Square Meter Campus
Ireland is the base of a number of major technology companies in Europe. In 2018, Facebook signed the largest office lease ever in Dublin. It has plans for a new 57,000 square meter campus. Earlier that year, Google purchased a 37,000 square meter. It is for development to add to its other offices in the city.
Thus, upgrades by some of the largest companies in the world come as new global regulations. So, this is how and where big internet firms pay income tax. Also, that could test the loyalty of multinationals to Ireland. Further, this is where they pay a low corporate tax rate of 12.5 per cent.
Also, this week, the Irish state agency trying to win foreign business. So, they said there was no suggestion that businesses were thinking differently. Also, this is about Ireland based on what tax reforms could emerge.
So, IDA Ireland announced that multinationals ‘ jobs grew 6 per cent year-on-year in 2019. Also, this is almost three times the average across the fast-growing economy in Ireland. Further, foreign businesses now employ nearly 250,000 people, or just over one in ten Irish employees.
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