Martin claims US tax haven proposals are ‘no threat’

FOREIGN Affairs Minister Micheál Martin has said US proposals to crack down on tax havens “should not pose any threat” to Irish interests.

Earlier this week, the Obama administration released a memo citing Ireland as one of three small, low-tax countries which, between them, accounted for almost one-third of all foreign profits reported by US corporations in a single year.

The implication seemed clear: The US wanted to crack down on Ireland in its battle against tax havens.