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"From Finance to Pharma, Why Companies Small & Large Host in Ireland"

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Presentation from the Host in Ireland event on November 10, 2016.

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"From Finance to Pharma, Why Companies Small & Large Host in Ireland"

  1. 1. #HII2015
  2. 2. Why = “Data” How = “Centre” #Hos%nIreland
  3. 3. Commercial Class Data Centres
  4. 4. 80%+ ImillerPR Global Survey’s Q1 2015
  5. 5. Donough Roche VP Sales Engineering Digital Realty Nicola Hayes, CEO Andrasta Consul8ng
  6. 6. Stuart Halford, Head of Projects Goodbody Stockbrokers Maurice Mortell Vice President of Emerging Markets & Country Manager for Ireland TelecityGroup
  7. 7. ImillerPR Global Survey’s August – September 2014 90%+
  8. 8. Joe Brady Tax Partner Matheson Andreas Carney Senior Associate Informa8on Technology and Commercial Contracts Group Matheson Helen Dixon Data Protec8on Commissioner Ireland
  9. 9. Andreas Carney Senior Associate Informa8on Technology and Commercial Contracts Group Matheson
  10. 10. Financial Times 2012-2015 Matheson is ranked in the FT’s top 10 European law firms 2015. Matheson has also been commended by the FT for corporate law, finance law, dispute resolution and corporate strategy. Irish Transfer Pricing Firm of the Year 2015 International Tax Review European Law Firm of the Year 2015 Hedge Fund Journal Law Firm of the Year 2014 Irish Pensions Awards Policy to the Max! The Schrems decision in context Andreas Carney, Senior Associate IT & Commercial Contracts Department
  11. 11. Government Policy •  Ac%on Plan for Jobs 2013 and 2015 •  Leading country for Big Data and data analy%cs •  Compe%%ve ecosystem for Big Data
  12. 12. Schrems Decision •  Court of Jus%ce declares Safe Harbour invalid
  13. 13. Safe Harbour - a liPle history •  2000 - European Commission / US Dept. of Commerce •  Set down principles for processing data •  Sign-up and self-cer%fy compliance •  2010 – German DPAs ques%on adequacy
  14. 14. Snowdon Revela%ons •  2013 - Commission - Safe Harbour may not be safe aYer all •  2014 – Parliament – calls for immediate suspension •  2015 – German DPAs – does not protect fundamental rights •  No pressure then….
  15. 15. The Court’s Decision •  Basis of the decision •  Considerable unease about indiscriminate surveillance •  PermiPed deroga%on from Safe Harbour principles •  Meet na%onal security or law enforcement obliga%ons •  Agencies outside the regula%on of Safe Harbour
  16. 16. Policy? •  Was the Court’s decision reflec%ve of a wider policy? •  Number of op%ons to legi%mise transfers, but… •  If laws are not equivalent to those in Europe? •  Are all transfers to a jurisdic%on at risk?
  17. 17. Housing Data in Europe •  Mul%na%onals choosing to house their data here •  Op%ng for regula%on here •  See it happening more and more
  18. 18. Thank you Andreas Carney Matheson 70 Sir John Rogerson's Quay Dublin 2 T: +353 1 232 2837 F: +353 1 232 3333 E: andreas.carney@matheson.com W: www.matheson.com
  19. 19. Helen Dixon Data Protec8on Commissioner Ireland
  20. 20. Joe Duffy Tax Partner Matheson
  21. 21. Financial Times 2012-2015 Matheson is ranked in the FT’s top 10 European law firms 2015. Matheson has also been commended by the FT for corporate law, finance law, dispute resolution and corporate strategy. Irish Transfer Pricing Firm of the Year 2015 International Tax Review European Law Firm of the Year 2015 Hedge Fund Journal Law Firm of the Year 2014 Irish Pensions Awards The International Tax Landscape Joe Duffy, 10 November 2015
  22. 22. Base Erosion Profit Shifting – BEPS 2008 - 2012 •  Financial Crisis •  G20 2013 •  OECD Action Plan 2014 •  OECD Phase 1 Reports 2015 •  OECD Phase 2 Reports 2016 •  Implem- entation •  Review
  23. 23. OECD Reports Coherence Hybrid Mismatch Arrangements (2) Harmful Tax
 Practices (5) Interest
 Deductions (4) CFC Rules (3) Substance Preventing Tax Treaty Abuse (6) Avoidance of
 PE Status (7) TP Aspects of Intangibles (8) TP/Risk and
 Capital (9) TP/High Risk
 Transactions (10) Transparency Methodologies and Data Analysis (11) Disclosure
 Rules (12) TP Documentation (13) Dispute
 Resolution (14) Digital Economy (1) Multilateral Instrument (15)
  24. 24. The Digital Economy The Digital Economy Not separate Allocating profit Watch this space Taxable presence
  25. 25. Ireland’s Corporate Tax Strategy
  26. 26. Ireland’s Corporate Tax Strategy Rate Regime Reputation “Ireland’s corporate tax strategy has three key elements: rate, regime and reputation. The tax rate is settled policy.” “I want Ireland to play fair…and to play to win…I will continue to examine ways to ensure our corporate tax regime remains competitive.”
  27. 27. Ireland’s Corporation Tax Strategy 12.5% tax rate Residency rules Onshoring IP SARP Knowledge Development Box Aligning Profit with Value Creation Real Substance in Ireland
  28. 28. Knowledge Development Box Qualifying Expenditure Overall income from IP Asset Overall Expenditure = Qualifying Expenditure + Acquisition Costs + Group Outsourced Costs 30% Uplift Income receiving tax benefits @ X = + 6.25%
  29. 29. 1856 First TransatlanIc Cable World’s first Data Centre built in Kerry in 1858!
  30. 30. Stuart Dennis Enterprise & Data Centre Sales Director at Zayo Group
  31. 31. Zayo Business Infrastructure
  32. 32. 44 | Proprietary and Confidential Zayo Global Network 17,400 buildings 6,700,000 fiber miles 84,000 route miles 320 markets 80 average fiber count Metro Fiber Market Longhaul / Regional Fiber Legend
  33. 33. 45 | Proprietary and Confidential Zayo European Network
  34. 34. 46 | Proprietary and Confidential Focused on a full product suite Product Offering % Revenue Dark Fiber Leased raw fiber 32% Mobile Infrastructure Tower/small cell backhaul 7% Interconnect-Oriented Colo Space, power & interconnects 8% Subtotal 47%
  35. 35. 47 | Proprietary and Confidential Cable system overview Sirius NorthHibernia Atlantic Lanis 2 BT-Manx Lanis 1 Hibernia Atlantic ESAT 2 Sirius South Eirgrid CeltixConnect EBFL Hibernia Atlantic ESAT 1 SOLAS TGN and Apollo
  36. 36. 48 | Proprietary and Confidential Irish Connectivity Our combined network topology brings key differentiators in this space: •  Sea crossing diversity •  Backhaul diversity to major UK cities, including Gold: Eirgrid Green: EBFL Red: FibreSpeed Blue: Zayo
  37. 37. 49 | Proprietary and Confidential Key players in the Irish market Dublin one of the leading markets in Europe. Local metro access : •  Partnership with ESBT •  Access through T50 •  Bespoke build
  38. 38. Q4 Events
  39. 39. #Hos%nIreland
  40. 40. 80%+ ImillerPR Global Survey’s Q1 2015

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