Keeping both the US and EU sweet as Brexit evolves
Donald Trump wants to cut corporation tax. Europe wants to increase it. Where does all this leave Ireland?
Ireland’s most important source of foreign direct investment, the US, has put forward proposals to reduce tax on companies. A week previously, Ireland’s most important market, the EU, put forward proposals to increase tax on companies. Can the Irish domestic system with its exposure to EU markets and US investors survive in its current form? What is a small island on the periphery of Europe to do? I’m beginning to think that the difference in attitudes to the taxation of companies on either side of the Atlantic has as much to do with culture as it has to do with economics or politics.
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