IBM is pulling more than €4.5 billion in accumulated profits out of its Dublin-based international business centre, new company information shows. On December 4, the US IT multinational’s central holding company in Ireland, IBM Ireland Products Distribution, first issued bonus shares worth €3.7 billion to its Dutch parent, IBM Products BV. The Irish company reported funding the shares out of its reserves instead of paying a dividend. Three days later, IBM Ireland Products Distribution triggered a capital reduction. “The reduction by the company of its company capital by the amounts of $745,481,181 and €3,886,864,450.03 and the simultaneous creation by the…

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