Click to Translate to English Click to Translate to French  Click to Translate to Spanish  Click to Translate to German  Click to Translate to Italian  Click to Translate to Japanese  Click to Translate to Chinese Simplified  Click to Translate to Korean  Click to Translate to Arabic  Click to Translate to Russian  Click to Translate to Portuguese


Forum Home Forum Home > General Discussion > General Discussion > Politics - Political Discussion
  New Posts New Posts RSS Feed - Fake news: Ireland slams Trump's tax claim
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

Online Discussion: Tracking new emerging diseases and the next pandemic; Now tracking the Aussie Flu.

Fake news: Ireland slams Trump's tax claim

 Post Reply Post Reply
Author
Message
carbon20 View Drop Down
Admin Group
Admin Group


Joined: April 08 2006
Location: West Australia
Status: Offline
Points: 17526
Post Options Post Options   Thanks (0) Thanks(0)   Quote carbon20 Quote  Post ReplyReply Direct Link To This Post Topic: Fake news: Ireland slams Trump's tax claim
    Posted: October 18 2017 at 2:03pm

Fake news: Ireland slams Trump's tax claim

President Donald Trump's assertion that he had heard Ireland was going to cut its already low corporate tax rate is "fake news", Irish Prime Minister Leo Varadkar says.

Trump raised a few eyebrows in Ireland on Monday when he told reporters at the White House: "I hear that Ireland is going to be reducing their corporate rates down to eight per cent from 12."

"I can confirm that President Trump's claim that we are proposing to reduce our corporation profit tax to eight per cent is indeed fake news. There is no such plan to do so," Varadkar told parliament in answer to a question on Trump's comments.

Ireland's 12.5 per cent corporate tax rate has long made it a hub for investment from major US multinationals like Google and Facebook and a target for criticism from US politicians.

Irish policymakers have responded by consistently stressing that the corporate tax rate will neither go up or down and the rate was reaffirmed just last week in the government's budget for 2018.

"Our corporate profit tax is 12.5 per cent, has been for a very long time through changes of government, through recessions and through periods of growth, and it as much that certainty that is as important to business as anything else," Varadkar said.

Trump has said he would like to see the US corporate income tax rate reduced to 20 per cent from 35 per cent, in part to better compete with lower tax jurisdictions like Ireland.

12 monkeys!!!!!
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down