herald

Sunday 17 December 2017

TAXATION

Obama threat to Irish bid for US investment

US PRESIDENT Barack Obama (right) has lined up changes to the American corporation tax regime that could mean that Ireland is less attractive for foreign direct investment.

Mr Obama has proposed the imposition of a minimum tax on US companies' foreign earnings.

The move is an attempt to reduce incentives in the international tax system for US companies to move their investment overseas.

Ireland's low rate of 12.5pc has played a key role in attracting US companies here -- the corporation tax rate in the US currently stands at 35pc.

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