The head of a giant US car parts company has said the company’s decision to move its global headquarters to Cork was not for tax purposes.
Johnson Controls, one of the US’s biggest car parts manufacturers, last week completed its merger with Cork-based Tyco in a deal that will lead to tax savings of $150 million ($133 million) a year.
But Alex Molinaroli, chief executive of Johnson Control, insisted the move was about...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team