Moody’s Investors Service Report: Brexit and US taxes pose huge risks

A hard Brexit and US plans for tax reforms are the biggest risks facing Ireland’s long-term prosperity, according to a report by Moody’s Investors Service.

The analysts said Brexit could disrupt trade across the Irish Sea more than initially thought as the UK seeks to stay out of the single market and warned “some form” of border controls between the North and the Republic will likely re-emerge to disrupt trade.

An overhaul of US corporate taxes could reduce the flow of investments by US multinationals and harm the public finances here.