Over €30bn flows back to US after Trump corporate tax changes

30th December, 2018

More than €30 billion of cash has been repatriated by American multinational companies since US corporation tax laws were revamped at the beginning of the year.

Figures released by the US Treasury Department before Christmas highlight a consistent outflow of cash from Ireland and other low-tax jurisdictions over the past year, which coincided with sweeping tax reforms introduced by US president Donald Trump that came into effect in January.

At the end of October, the...

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