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Ireland prices corporation tax loss from Trump policies at €10bn

  • Ireland's Prime Minister warned that the country could lose €10bn in corporate tax if three US multinational companies were repatriated to America under a hostile Donald Trump administration.
  • Simon Harris, if re-elected as taoiseach, plans to engage with Trump and proposed an early EU-US trade summit to protect trade ties with the European trade bloc.
  • Ten multinational companies account for 60% of Ireland's corporate tax receipts, with Microsoft being the largest contributor.
  • Ireland's goods trade surplus with the US reached a record €35bn, with exports boosted by the pharmaceutical and chemical sectors.

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