Companies avoid paying high corporate taxes in Ireland, are they really helping the Irish community with €33K!
On 30 June 2015, PayPal and eBay (PayPal is an eBay Inc. (Nasdaq: EBAY) company) announced that nine Irish charities will receive funding totalling over €33,000 from the eBay Inc. GIVE Foundation. The nine benefiting charities were all nominated by employees of PayPal and eBay, at their Blanchardstown, Ballycoolin and Dundalk offices, and their grant allocation was determined by the results of a vote carried out in PayPal and eBay. Almost 700 employees engaged in the voting process.
Giving back to the community has been an essential part of eBay since the very beginning it says. In 1998, with a donation of 107,250 shares of pre-IPO stock, eBay created a charitable fund known as the eBay Foundation™. Today, this remains an important part of the company and serves as the primary vehicle through which it contributes to community organisations. Annually eBay Foundation provides grants to numerous non-profit groups that are working to make local communities better places to live and work. However, its tiny money compared to what these companies generate in profits!
On the 30 June, a cheque was presented to the main beneficiary, The Children’s Fund for Health, which is set to receive almost €7,000 from the GIVE Foundation. The presentation was made by Louise Phelan, Vice President of Global Operations for Europe, the Middle East and Africa (EMEA), PayPal and Hazel Mitchell, Site Director, eBay.
Louise Phelan, Vice President of Global Operations for Europe, the Middle East and Africa, PayPal, said, “At PayPal, we pride ourselves on being an organisation that gives back to our local communities. So far this year, we have donated over €88,000 to twenty-two Irish charities. PayPal and eBay teammates have been busy taking part in our official volunteer programmes. It’s all part of our corporate social responsibility strategy which is our commitment to making the world a better place by enabling growth, enabling greener commerce and powering giving. Each of our chosen charities does hugely important work, and I am delighted that, as a company, we can offer financial support of this scale to such worthy causes. It is great to see our teammates nominating the charities dear to their heart and getting involved with these charities throughout the year.”
Hazel Mitchell, Site Director, eBay,added, “The PayPal and eBay teammates in both Dublin and Dundalk work so hard to support their local charities, through volunteering, through donations, and through participating in the many fundraising activities that are held at our offices. I‘m delighted that the eBay Inc. GIVE Foundation can provide additional support to another nine Irish charities and I’m immensely proud of the amazing community spirit shown by our teammates in Dublin and Dundalk”.
The nine charities receiving funding through the eBay Inc. GIVE Programme are:
- The Children’s Fund For Health - €7,000
- PAWS Animal Rescue - €5,750
- The Alzheimer Society of Ireland - €5,000
- Jack and Jill Foundation - €4,000
- Irish Red Cross - €3,000
- AsIAm.ie - €2,200
- DEBRA - €2,200
- Arthritis Ireland - €2,200
- Order of Malta - €2,200
More information about PayPal can be found at www.paypal.com and www.paypal-media.com
More information about the planned separation of eBay and PayPal can be found at update.ebayinc.com.
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