The announcement of the Republican tax plan....>

EGBS: The announcement of the Republican tax plan is to crush the corporate tax

rate to 20% from 35% might have created a few ripple in Irish debt given the

economy's reliance upon its low tax status.

- Ryan McGrath at Cantor Fitzgerald in Dublin notes that Ireland's 12.5%

corporate tax rate remains competitive. He writes that "The planned Border

Adjustment Tax appears to have been scraped, this is a significant positive for

Irish exporters. Other measures a proposed include a special incentive rate of

12 per cent to encourage companies to repatriate to the US funds held offshore

at the moment. It is not the case that US multi nationals are holding vast

amounts of cash on deposit in the Irish banks and any repatriation bill is

likely to have little effect on Irish banks."

- In terms of risks for Ireland, Cantors sees the European proposal for a Common

Consolidated Corporate Tax Base as a bigger concern.