Acid test for new US tax regime

Acid test for new US tax regime

Ireland could benefit as superpowers face off in a global debate about where cross-border businesses should pay their tax

‘It’s not Ireland’s fault that US tax law looks like it was written by somebody on acid.” This remark, by Kevin Hassett, chairman of the White House council of economic advisers, drew laughter from the crowd attending the US Embassy’s ‘Racing Towards a Trillion’ conference in the Phoenix Park last week. It was a disarming way to signal to the crowd that the times are indeed changing, but I suspect Dr Hassett doesn’t really believe the truth of his ‘acid’ analogy.

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