Fears mount Leeside as Trump announces corporate tax competition plan
Donald Trump says he wants to bring US corporate tax rates closer to Irish levels.
The US President has named Ireland as one of America's international competitors, as he outlined plans for tax reforms.
He wants US business taxes reduced to 15%, in a bid to bring American multi-nationals back to US soil.
Fears are mounting Leeside that the plans could lure multinationals such as Apple back to the US. The tech giant employs around 4,000 people at its European Headquarters in Holyhill.
Announcing his plans, President Trump claimed American businesses pay too much tax compared to other countries:
More from Cork
-
Lord Mayor Of City Felt Privileged To Represent Cork During Such A Difficult Time As He Faces Into Last Month In Office
Councillor Joe Kavanagh will be handing over the mayoral chains outside of City Hall for the first time ever on June 18th due to the pandemic
-
Expert calls for people to reduce meat intake
Eating too much meat can increase the risk of serious illnesses by as much as 30%.
-
International Care Day Is Being Celebrated At The Bessborough Centre In Blackrock Today
The event highlights the positive impact of the experience of young people in care
-
UPDATE: Teenage Girl Killed And Three Teenage Boys Injured In Knocknaheeny Crash
It's understood the teenage driver of the car fled the scene on foot
-
Angry Farmers To Stage Protest Outside Aldi in Mitchelstown Later
They're appealing to retailers to come to the talks table
-
UPDATE: Toddler Who Was Injured At Her Home On The Boreenmanna Road Has Died
The two year-old was rushed to hospital with traumatic head injuries