Monday July 13, 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...

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