Comment Re:Double Irish (Score 1) 825
This is clearly aimed at companies abusing the "Double Irish" system. Seems like the rate should be set much higher, so that companies are punished and lose more than they would if they did the right thing and repatriated profits and paid the normal tax rates on them.
Unfortunately, you would most likely see a lot of companies moving their official headquarters to someplace else. The most recent example I can think of is the Walgreens/Boots purchase/merger. It seems that one of the reasons behind it was for the combined entity to have is GHQ in Europe instead of the US to get around US tax code. The backlash towards Walgreens was rather severe though, so they said they were no longer considering that option.