Oracle has freed up $15.2 billion (€13.3 billion) for distribution out of Ireland, new financial information from the Texas-headquartered cloud and enterprise computing multinational shows. Oracle EMEA Holdings Ltd, the group’s top holding company in Ireland, resolved on March 24 to implement a share capital reduction for this amount and treat the resulting sum as distributable profits, to the benefit of its direct parent in Bermuda. The funds had been sitting in the Irish company’s share premium account since Oracle decommissioned its double Irish tax structure in December 2020, days before a legal deadline. As detailed at the time, a…

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