Biden's tax plan 'will weaken Ireland's appeal for new US investments'  

President Joe Biden plans for the companies to pay a minimum tax rate on a country-by-country will in time weaken the lure of Ireland's 12.5% tax regime to attract huge US company investments, a leading economist has claimed.

President Joe Biden's corporate tax plans will have a significant effect in blunting the appeal for multinationals to set up in Ireland, UCC economist Seamus Coffey has warned. 

Mr Coffey, a former head of the Irish Fiscal Advisory Council and author for the Department of Finance of key corporate tax study, is one of the country's leading experts on corporate taxation.