Donald Trump ‘will change US corporation tax rates’

The head of the Department of Finance said incoming US president, Donald Trump, would change corporation tax rates there and this could affect Ireland.

Department secretary general, Derek Moran, said Ireland’s economy was now exposed on two fronts: from Brexit, as well as from the Trump US presidency.

But Mr Moran said Ireland was rightly trying to capitalise on international changes, including Brexit, and still attracting foreign investment — an issue also addressed yesterday by Finance Minister Michael Noonan when he was in Davos for the World Economic Forum.