McCain regime could pull €2.5bn from Ireland

A JOHN McCAIN presidency would herald a new tax regime enticing American companies to redirect the €2.5 billion they pump into the Irish economy.

This is according Grover Norquist, a tax advisor to the Republican Party and architect of President George W Bush’s tax cuts in 2000.

He said America had to compete with low-corporate tax economies like Ireland and would suffer if it continued to demand 35% of profits generated by businesses.