Ireland's reliance on Corporation Tax receipts

Individual companies can do it relatively quickly. There is no reason for them to do it now, and there won't be any tomorrow. There is next to nothing Trump's administration can do to make them want to.

A huge change in the tax regime, passed by a razor-narrow Congress, could do it but that is what won't happen overnight. And even if it did happen in the future, there is no guarantee that things would flow en masse immediately because companies do not like the kind of rampant uncertainty you see in the US at the moment.

Because such large changes in the tax code are inherently harder and a longer process in the US than in Ireland and far harder to get through Congress, especially when they have such a tiny majority. Could they do it? yeah, but it is not on the horizon at all no matter how much Trump and his acolytes bloviate about it.

Something could be done in the next budget in October, but if so we will know well before then that it is on the cards. It is also unclear exactly what scale of measures would be needed to reverse the effect. The political instability in the US is hardly going to help their case.

There are already countries with lower CT rates than Ireland, and have been for some time even in the EU, but that hasn't caused a flood of movement out of the country either.

I am not blind to the risks, but it is incorrect to speak of it as if it is something either a) that Trump can do anything about unilaterally or b) something that will happen imminently.

And they're far more focused on their deficit exploding m/billionaire tax cuts then they are about adjusting CT policy at the moment.

It's all controlled by Congress and the same logic applies.

If you want to believe anything he is doing is in the "national interest" suit yourself, but I think it flies in the face of all evidence and logic. Wealthier people are benefitting from his proposed tax policies far more than anyone else and to a far higher degree than under any previous administration.

However, that isn't really the point here. The point is that adjusting the tax policies to encourage IP shift back to the US requires detailed changes to the tax code, and so far none seem forthcoming.