Risk of exodus by US multinationals

An exodus of US multinationals from Ireland and a loss of Irish access in Washington are among the main risks identified from Donald Trump’s election as US president.

Risk of exodus by US multinationals

Mr Trump’s plan to slash US corporation tax rates from 35% to 15% is a major plank of his desire to “bring jobs back home”.

Given Ireland’s huge success in attracting major US companies into Ireland through its 12.5% corporation tax rate, such a move by Mr Trump would be devastating in being able to retain those companies, which employ almost 200,000 people here.

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