Wednesday April 1, 2020

Over €10 billion in cash outflows to US this year after tax rate overhaul

The return of cash from US entities registered in Ireland has accelerated in recent months and follows an astonishing €50 billion outflow recorded in 2018

Ian Guider

Markets Editor

@ianguider
23rd June, 2019
Donald Trump

The outflow of cash from American multinationals has resumed with more than €10 billion being repatriated since the start of the year.

The return of cash from US entities registered in Ireland has accelerated in recent months and follows an astonishing €50 billion outflow recorded in 2018.

Figures published by the US Treasury Department last week show companies or entities based in Ireland held $269.7 billion of short-term American debt, or treasury bills, down from $277...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago