Donald Trump bigger threat than Brexit

The Trump presidency is is a bigger risk to the Irish economy than Brexit and EU Tax Challenges, the boss of one of Ireland’s biggest accounting firms has said.

Managing partner of Mazars, Mark Kennedy, told the student-run Trinity Economic Forum that the risk to foreign direct investment posed by US protectionism would affect Ireland.

He said: “There is no doubt that large reductions in the US corporate tax rate will reduce the incentive for companies to locate activities outside the US, including in Ireland. Our dependence on US FDI is illustrated in the flows of direct investment into Ireland.”