Trump’s tax cuts lead to €800 windfall for Dublin bank staff

Bank of America workers to receive bonus in line with US staff after corporate tax change

Bank of America is one of a smaller number of firms to extend the bonuses to employees working outside the US, including those in its Irish operation, based in Leopardstown in Dublin

Bank of America is one of a smaller number of firms to extend the bonuses to employees working outside the US, including those in its Irish operation, based in Leopardstown in Dublin

About 700 Bank of America workers in Ireland are in line for an estimated €800 windfall from US president Donald Trump’s $1.5 trillion tax cuts.

Many US companies announced once-off bonuses for employees late last year after politicians backed legislation slashing tax on corporate profits to 21 per cent from 35 per cent, saving businesses $1.5 trillion a year.

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