Obama’s tax changes will not impact on multinational job creation prospects

IRELAND’S ability to lure job creation investments by US multinationals will not be diminished by the tax changes being proposed by US president Barack Obama, according to a leading economist

Davy chief economist Rossa White believes the tax proposals will do nothing to change the relative attractiveness of investment into Ireland versus other countries.

“Crucially, the deferral rules for tax on overseas profits earned by American multinationals have not changed. What the proposals might do is to make investment abroad by US owned companies slightly less attractive at the margin.