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30th August 2017
10:13pm BST

"We must reduce the tax rate on American businesses so they keep jobs in America, create jobs in America and compete for workers right here in America," Trump said in a speech aimed at shoring up support for a broad tax-cut plan. "Ideally ... we would like to bring our business tax rate down to 15%."Currently, the US corporate tax rate is 35% and reducing it by 20% would encourage existing US businesses in Ireland to relocate and this would affect Ireland in later life as they would also miss out on future expansion. There are two rates of corporation tax in the Republic of Ireland: 12.5% for trading income and 25% for non-trading income.
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