Corporate tax regime could be undermined by US proposals

Proposals to overhaul the US tax regime could undermine Ireland's corporate tax rate, according to one American tax expert, but could also lead to an increase in tax-related takeovers of Irish headquartered companies.

The tax reform proposals, put forward by US Democrat Senator Max Baucus this week, would offer a 20 per cent one-off tax rate to induce American multinationals to repatriate some of the estimated $2 trillion in profits that have been ...