Saturday February 22, 2020

Blackrock Irish subsidiary taxed just £150k on £58 million profit

Barry J Whyte

Chief Feature Writer

@whytebarry
5th August, 2018

An Irish subsidiary of the multitrillion-dollar US investment giant Blackrock paid just £150,000 in tax in 2017, despite making a profit of £58.1 million thanks to a tax exemption on its taxable profits, newly filed accounts show.

Blackrock Investment Management Ireland Holdings, one of the firm’s several Irish subsidiaries, earned £57.7 million in 2017 from investments in other companies in the group.

With interest and other income, it produced a profit before tax of £58.1...

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