From Investing.com: 2024-11-08 02:17:12

Ireland’s low-tax business model could be at risk under a Trump presidency. U.S.-owned multinationals employ 11% of Irish workers and contribute significantly to public services. A surge in corporate tax receipts has boosted Ireland’s public finances, but the potential impact of Trump’s policies remains uncertain. Analysts warn of existential threats if IP assets are moved back to the U.S. Trump’s tax cutting plans could add trillions to U.S. deficits, posing a risk to Ireland’s reliance on U.S. companies for tax revenue. Goodbody Stockbroker chief economist Dermot O’Leary warns of potential dangers for Ireland.



Read more at Investing.com: Ireland’s fiscal fortunes suddenly tied to Trump’s economic agenda By Reuters