Even vague connection with the base issues would stop people writing stupid pieces like this:
Will Ireland’s corporation tax rise see tech companies leave Dublin?
Analysts question if Dublin’s reputation as a leading tech hub could be undermined by new 15% tax rate
No, it’snot going to make a damn bit of difference.
Because the game wasn’t driven by Ireland’s low tax rate. It was driven by the American tax system.
If you made profits in foreign and then kept them in foreign then you didn’t pay American corporate income tax. At which point it’s worth striving around to find some lovely low tax place to make your foreign profits in.
Now you pay US corporate income tax – with strings ‘n’stuff but still – on worldwide earnings, whether you bring them back into the US or not. So, global tech company. Your foreign tax bill is deductible from your US one now. Striving around for low foreign taxes doesn’t actually matter any more.
It’s only if you’re not US domiciled as a company that low foreign taxes matter now. And as none of them are…..
It was always the American tax system driving this, now that’s been reformed it’s over.