#HII2015

Why = “Data”How = “Centre”

#Hos%nIreland

CommercialClassDataCentres

80%+ ImillerPRGlobalSurvey’sQ12015

DonoughRocheVPSalesEngineeringDigitalRealty

NicolaHayes,CEOAndrastaConsul8ng

StuartHalford,HeadofProjectsGoodbodyStockbrokers

MauriceMortellVicePresidentofEmergingMarkets&CountryManagerforIrelandTelecityGroup

ImillerPRGlobalSurvey’sAugust–September2014

90%+

JoeBradyTaxPartnerMatheson

AndreasCarneySeniorAssociateInforma8onTechnologyandCommercialContractsGroupMatheson

HelenDixonDataProtec8onCommissionerIreland

AndreasCarneySeniorAssociateInforma8onTechnologyandCommercialContractsGroupMatheson

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

PolicytotheMax!TheSchremsdecisionincontext

AndreasCarney,SeniorAssociateIT&CommercialContractsDepartment

GovernmentPolicy

•  Ac%onPlanforJobs2013and2015

•  LeadingcountryforBigDataanddataanaly%cs

•  Compe%%veecosystemforBigData

SchremsDecision

•  CourtofJus%cedeclaresSafeHarbourinvalid

SafeHarbour-aliPlehistory

•  2000-EuropeanCommission/USDept.ofCommerce

•  Setdownprinciplesforprocessingdata

•  Sign-upandself-cer%fycompliance

•  2010–GermanDPAsques%onadequacy

SnowdonRevela%ons

•  2013-Commission-SafeHarbourmaynotbesafeaYerall

•  2014–Parliament–callsforimmediatesuspension•  2015–GermanDPAs–doesnotprotectfundamentalrights

•  Nopressurethen….

TheCourt’sDecision

•  Basisofthedecision

•  Considerableuneaseaboutindiscriminatesurveillance

•  PermiPedderoga%onfromSafeHarbourprinciples

•  Meetna%onalsecurityorlawenforcementobliga%ons

•  Agenciesoutsidetheregula%onofSafeHarbour

Policy?

•  WastheCourt’sdecisionreflec%veofawiderpolicy?

•  Numberofop%onstolegi%misetransfers,but…

•  IflawsarenotequivalenttothoseinEurope?

•  Arealltransferstoajurisdic%onatrisk?

HousingDatainEurope

•  Mul%na%onalschoosingtohousetheirdatahere

•  Op%ngforregula%onhere

•  Seeithappeningmoreandmore

Thankyou

AndreasCarneyMatheson70SirJohnRogerson'sQuayDublin2T:+35312322837F:+35312323333E:andreas.carney@matheson.comW:www.matheson.com

HelenDixonDataProtec8onCommissionerIreland

JoeDuffyTaxPartnerMatheson

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

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

OECD Reports Coherence

Hybrid Mismatch Arrangements (2)

Harmful TaxPractices (5)

InterestDeductions (4)

CFC Rules (3)

Substance

Preventing Tax Treaty Abuse (6)

Avoidance ofPE 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)

The Digital Economy

The Digital

Economy

Not separate

Allocating profit

Watch this space

Taxable presence

Ireland’s Corporate Tax Strategy

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.”

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

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%

1856FirstTransatlanIcCable

World’sfirstDataCentrebuiltinKerryin1858!

StuartDennisEnterprise&DataCentreSalesDirectoratZayoGroup

Zayo Business Infrastructure

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

45 | Proprietary and Confidential

Zayo European Network

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%

47 | Proprietary and Confidential

Cable system overview

Sirius North Hibernia Atlantic

Lanis 2

BT-Manx

Lanis 1 Hibernia Atlantic

ESAT 2 Sirius South Eirgrid CeltixConnect

EBFL

Hibernia Atlantic

ESAT 1

SOLAS

TGN and Apollo

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

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

Q4Events

#Hos%nIreland

80%+ ImillerPRGlobalSurvey’sQ12015