Medtronic gets big cut in repatriation taxes after move to Ireland
September 28, 2015 at 19:52 PM EDT
In a sign of how Medtronic PLC is benefiting from moving its headquarters to Ireland from the U.S., the medical-device company said it is paying $500 million in U.S. income tax on $9.8 billion of cash and investments that it has transferred to the U.S. from its overseas subsidiaries.