US president Barack Obama has trained his crosshairs for some time on companies that use foreign tax regimes, including Ireland’s, to their maximum advantage.
He fired his most recent shot last week, when he announced his new budget plan. Within it was a proposal for a mandatory one-off tax, set at 14 per cent, on profits that have been parked overseas by US multinationals.
There is serious doubt as to whether Obama’s plan will...
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