Ireland Has Too Much To Lose To Deter U.S. Companies Re-homing

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Ireland Has Too Much To Lose To Deter U.S. Companies Re-homing

by Wochit 0:40 mins

Ireland Has Too Much To Lose To Deter U.S. Companies Re-homing

by Wochit 0:40 mins

Ireland is in the firing line from Washington again for luring U.S. companies to its shores for tax benefits, but despite contrite noises coming from Dublin, it has too much to lose to discourage U.S. firms bent on shifting their tax domiciles. Ireland's low corporate tax rate of 12.5 percent is a natural lure for U.S. companies looking to set up an overseas hub, and for Dublin the pay-off is new jobs, but in so-called inversion deals the company then switches its overall tax domicile from the United States, where the rate is 35 percent, to its new home.

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