Another shift in balance of real power - US and UK corporation tax plans

The battle, and it is exactly that, to attract foreign direct investment (FDI) to Ireland is, it seems, about to become even more difficult. 

It may even become challenging to convince foreign companies with profitable bases here, especially American ones, to stay in Ireland if US president-elect Donald Trump and British prime minister Theresa May deliver on promises to slash corporation tax.

Mr Trump wants to cut America’s tax from 35% to something between 20% and 15%. Mrs May wants to cut Britain’s tax to the lowest among the world’s 20 largest economies. It has been suggested that she could cut the tax to a figure below 15% to try to insulate Britain from Brexit upheaval.