Medtronic warns Ireland's 15% tax rate disadvantages US firms after Trump exit from global deal

Medtronic, which relocated to Ireland to benefit from lower taxes, now warns that Ireland's new 15% corporate tax rate disadvantages companies incorporated there, especially after the US withdrew from the global tax agreement. This signals a reversal in Ireland's tax competitiveness and could prompt multinationals to reconsider their Irish structures. The development highlights the shifting global tax landscape and its impact on corporate location decisions.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works