eBay’s Irish subsidiary paid €25.5m dividend to its parent company last year

The transfer of the dividend resulted in the net asset value of the e-commerce firm’s Irish subsidiary falling more than 40 per cent to just over €28 million

14th October, 2021
eBay’s Irish subsidiary paid €25.5m dividend to its parent company last year
eBay Ireland said it reduced its headcount by 48 staff, who mainly worked in the customer support team, last year to 932 employees at year-end 2020. Picture: Getty

The Irish subsidiary of e-commerce giant eBay moved more than €25 million out of Ireland to its Swiss parent company last year, newly filed accounts show.

Ebay Europe Services, which is based on the Navan Road in Blanchardstown, transferred a €25.5 million dividend in 2020 to eBay Marketplaces GmbH, a company based in Bern, Switzerland. The dividend was paid out of the significant cash reserves the business has accumulated over recent years, which topped €50...

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