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The Guardian - UK
The Guardian - UK
Business
Lisa O'Carroll in Dublin

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

Ireland Donald Trump Simon Harris United States European Union Howard Lutnick Microsoft Wall Street Journal
a Microsoft logo seen on a monitor with a man in shadow in the foreground
Ten multinationals account for 60% of Ireland’s corporate tax receipts, with Microsoft thought to be the single biggest contributor. Ireland’s goods trade surplus with the US is now at a record €35bn. Photograph: Valera Golovniov/SOPA Images/Rex/Shutterstock

Ireland’s prime minister has said the country could lose €10bn (£8.35bn) in corporate tax if just three US multinationals were repatriated to America under a hostile Donald Trump administration.

His remarks come just days after Trump nominated the Wall Street investor Howard Lutnick to lead the Department of Commerce with direct responsibility for trade.

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