Trump tax reforms see tens of billions of euro exiting Ireland

Trump tax reforms see tens of billions of euro exiting Ireland
Head of the IDA, Martin Shanahan,

US multinational companies have repatriated tens of billions of euro of cash from Ireland since President Donald Trump unveiled sweeping reforms of America’s tax regime.

Figures published by the Department of Treasury last week show a sharp reduction in holdings of low-risk bonds, known as treasuries, held in Ireland since the start of the year.

At the end of June $299 billion (€261.5 billion) of US treasuries were held by entities in Ireland, down...

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