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Center of the storm, Ireland balances future between UK, EU and US

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First published at 12:24 UTC on October 16th, 2019.

The Duran: News - Video - Analysis

theduran

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The Duran Quick Take: Episode 337.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the Irish economy and Brexit represents threat to Ireland’s economic business model.

If the UK leaves the EU with a no-deal Brexit, Lo…

The Duran Quick Take: Episode 337.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the Irish economy and Brexit represents threat to Ireland’s economic business model.

If the UK leaves the EU with a no-deal Brexit, London, according to The Scotsman online (https://www.scotsman.com/news/opinion/columnists/brexit-or-not-an-economic-day-of-reckoning-is-coming-for-ireland-brian-monteith-1-5022744) will be able to repatriate all the turnover of multinationals that is currently re-routed to Ireland and tax it at the UK rates.

The days of leviathans such as Apple, Google, Amazon and the rest paying practically no corporate tax in the UK will end with the knock-on effect of denying the Irish Government those revenues to finance its unsustainable public finances. This fiscal and financial revolution will be in clear sight of the remaining EU members who will not be slow to conclude it will be in their interests to close down the loopholes that allow Ireland’s flag of convenience operations.

#Ireland #Brexit #UK #TheDuran

***
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