Obama targets Ireland

According to a report in the Sunday Tribune President Obama is about to crack down on overseas tax havens.

This is very bad news for Ireland which has, effectively, acted as a money laundering state for US multinationals. (See previous post on this matter).

The Department of Finance said the issue was being oversimplified but international tax expert Richard Murphy said the Irish government was “in a state of denial.”

So what’s new?

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