Donald Trump's victory means Ireland faces the biggest threat yet to its business tax model

The double whammy from Brexit and now a new US president who has pledged to slash US corporate taxes poses the biggest risk to Ireland’s economic business model since it was first devised in the late 1980s, analysts have warned.

Donald Trump on the campaign trail had pledged deep reforms of US company taxes, pledging to cut the 35% headline rate the US levies on corporate taxes to 15%.

He had also promised other far-reaching reforms and may in time offer a temporary tax amnesty to encourage multinationals like the pharmaceutical giants and Apple to bring home the tens of billions of dollars they currently house overseas.