Ireland’s Prime Minister has warned that the country could risk losing €10bn in corporate taxes if only three major US multinationals were to repatriate.
Harris emphasized that ten multinationals account for about 60% of Ireland's corporate tax receipts, with Microsoft considered the top contributor, highlighting the economic risk.
While acknowledging the potential risks, Harris reassured that he intends to engage Trump's administration and also proposed an early EU-US trade summit.
The government's Central Statistics Office reported that Irish goods exports to the US rose 8% in 2024, further indicating the depth of trade ties.
Collection
[
|
...
]