US firms warn Irish over tax move - Telegraph: "The Irish government has been given a stark warning from some of the biggest American companies in Ireland on the risk of a mass exodus if the country's low corporation tax rate is raised.
The warning – from executives at Microsoft, Hewlett-Packard (HP), Bank of America Merrill Lynch and Intel – spoke of the "damaging impact" on Ireland's "ability to win and retain investment" should the country's corporation tax rate be increased from 12.5pc.
The US warning was written by Lionel Alexander, president of the American Chamber of Commerce in Ireland, and a senior HP executive.
Foreign investment equates to €110bn – or 70pc – of all exports with US companies alone employing more than 100,000 workers.
While the companies are not threatening to leave at this stage, the statement – signed by senior Irish executives from each of the four companies mentioned – does directly point out that although Ireland's tax rate may be low in European terms, it is not when compared with locations such as Singapore, India and China."
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