Irish Tax Schemes a Thing of the Past, Economist Says (Podcast)

Sept. 10, 2021, 8:45 AM

Four years after enactment of the 2017 tax law, the ramifications of Congress’ tax code overhaul can be felt thousands of miles away in Ireland, as firms are no longer using the Emerald Isle to shift profits to low-tax jurisdictions.

New research by a leading Irish economist shows that many U.S. multinationals are sending outbound payments from Ireland directly to the U.S., rather than to zero- or low-tax jurisdictions.

On this episode of our weekly Talking Tax podcast, Seamus Coffey, a lecturer at University College Cork in Ireland talks about how companies are being encouraged to hold intellectual property in places where they have actual economic activity.

Listen to the episode here.

Have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

To contact the reporter on this story: Hamza Ali in London at hali@bloombergtax.com

To contact the editors responsible for this story: Patrick Ambrosio at pambrosio@bloombergtax.com; David Jolly at djolly@bloombergindustry.com

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