Analog’s Irish unit transfers €176m to offshore companies as sales top €4bn
The Limerick-based company, which employs 1,252 people in Ireland, has sent hundreds of millions to other Analog subsidiaries in Bermuda and Jersey
Analog Devices used its Irish arm to transfer hundreds of millions of euro to Bermuda and Jersey last year as sales increased to more than €4 billion despite the impact of the pandemic.
New accounts filed by the Limerick-based company, which employs more than 1,250 people in Ireland, show it paid out more than $208 million (€176 million) to Analog subsidiaries in Bermuda and Jersey during the year ended October 31, 2020. The figure was ...
