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tax reform
'I'm not going to name names...': Trump targets Ireland in tax reform speech
He described how Apple, among other companies, were keeping billions of dollars offshore.
8.22am, 30 Nov 2017
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US PRESIDENT DONALD Trump has once again singled out Ireland in a speech about tax reform as he vowed to bring “trillions of dollars” back into the US economy.
Trump made a speech to supporters in St Charles, Missouri last night about America’s current tax code has incentivised companies to leave the US to for countries with lower tax rates.
He said that he would “not name names” as to which countries have attracted US investment, but he quickly went on to single out Ireland.
He described how Apple, among other companies, were keeping billions of dollars offshore and said that countries like Ireland had long been incentivising businesses to do so.
“For too long our tax code has incentivised companies to leave our country in search of lower tax rates. It happens – many, many companies,” Trump told the crowd.
“They’re going to Ireland. They’re going all over. They’re going all over Asia but they’re stopping because they now want to take advantage of what’s happening and what we’re about to pass hopefully,” he said, referring to his administration’s new tax plan.
A number of Asian countries and Mexico were also mentioned throughout his speech.
“We’re going to bring back jobs and what we’ve had is a massive giveaway to foreign countries which encourage businesses to relocate offshore,” he said.
Trump was speaking ahead of a vote in the Senate today on tax reform.
If the vote passes, the Senate and the House of Representatives, who also published its own version of a tax reform plan on 16 November, will begin negotiations.
“We want a tax code that is simple and far and that’s for all Americans,” Trump said.
“The plan that Senators will be voting on this week, hopefully as soon as possible, closes the loopholes that corporations use to shift their profits to tax havens.”
It’s expected that Trump will sign off on the bill before the end of the year.
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Shocking stuff from Leinster. They weren’t at the races at all today and they were totally outmuscled physically by Clermont. The set-piece was an embarrassment and the attack was dysfunctional again. We weren’t helped at all to be fair by Pearce’s disgraceful refereeing, but a bonus-point win should be a given in all of the Champions Cup pool stage games. Barrett, Ryan and Henshaw were the only good players in a match littered with mistakes.
@Frank O’Hara: It’s not quite accurate to say that the set piece was an embarrassment. The scrum actually went very well for a change. The lineout was poor though which is a recurring theme and a worry. Expecting bonus point wins as a given is a bit ridiculous though and is an attitude that would cause the team to take their eye off the ball.
@FoxyBoiiYT: lol…I think History is now in Leinster’s favour. Real fans fill their grounds….which Leinster regularly do. Leinster won that game playing quite poorly. The French are the yardstick for European Rugby over the last 4 years….so well done Leinster. Imagine what they will be like when they click back into gear..? Some Team. Hope Munster improve….
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