Government will fight proposed Obama tax reform

Proposals by the incoming Barack Obama administration to reform corporation tax for US multinationals will be strenuously opposed by the Irish government.

8th November, 2008

Proposals by the incoming Barack Obama administration to reform corporation tax for US multinationals will be strenuously opposed by the Irish government.

The outgoing US ambassador to Ireland has criticised Obama’s proposals, which aim to prevent US multinationals from sheltering their profits in low-tax economies such as Ireland, and said it was doubtful that the US Congress would sanction them.

‘‘This is not good policy,” ambassador Thomas Foley told The Sunday Business Post....

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