Thursday, March 13, 2014

You'll never crush the Irish

The Wall Street Journal explains the complicated wherever-I-lay-my-filing-documents-that's-my-home arrangements of the Candy Crush maker --

Its registration in late 2013 in Dublin could give it the ability to adhere to certain "home country" corporate governance practices in lieu of certain NYSE listing requirements, King said in a February filing with the U.S. Securities and Exchange Commission disclosing its intention to list shares. For example, under Irish law, there is no requirement for equity compensation plans to be approved by shareholder resolution, and the company won't be subject to U.S. proxy rules, it said. King denied its recent Irish affiliation would reduce its tax burden. "King is a global company and complies with all applicable tax regulations in each country where we operate," a company spokeswoman said. "Like any other company, we pay corporate tax and being an Irish company doesn't affect our tax rate."