Thursday December 12, 2019

Stephen Kinsella: Trump v Ireland Inc

Trump ‘plan’ is simple: it will create a vast sucking noise as the funds which enrich the IFSC and other business-friendly financial services destinations head back to the US. But it needs to turn into an actual plan first

30th April, 2017
3
Donald Trump has promised his massive corporate tax cut will help spur job growth Picture: Getty

Tax policy is all about detail, detail, detail. Who gets hit for how much and in what circumstances. What thresholds apply at what rate, what type of claim is valid and what invalid, and where certain charges apply, and don’t. The US tax code is 5,100 pages long, without including the regulations the IRS actually works under.

Last week two former Goldman Sachs bankers, Secretary of the Treasury Steven Mnuchin and National Economic Council...

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