Opening Bell: Trump to stop tax inversions, the world's biggest meat company goes Irish, Brexit's legal rush

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Donald Trump has promised to revolutionalise the US tax system if he becomes US president in November.

Among his policies reveled yesterday the property developer pledged to cut US corporation tax to 15% - the current maximum rate is 35%.

He has also proposed a one-off 10% levy on profits from US companies held overseas to attract them back to the country.

The Republican said his policies would end "job-killing corporate inversions and cause trillions in new dollars and wealth to come pouring into our country."

Previously, he has said that he doesn't blame countries for moving jobs and profits out of the US to countries like Ireland under Obama's tax rules.


The world's largest meat producer, Brazilian food company JBS, is moving to Ireland - and shifting assets worth more than €30bn here.

The firm has annual sales of $45bn, it has filed with the Securities and Exchange Commission (SEC) in New York to move its parent company to Ireland.

Last year it spent €1.35bn acquiring Northern Irish poultry company Moy Park.

The new Irish-based entity will be floated on the New York stock exchange, according to The Irish Times.


There has been a rush of top UK-law firms registering solicitors in Ireland so that they can continue to practice European Law after the UK withdraws from the EU.

The Law Society of Ireland says that it has received an average of almost 30 initial queries a day since the UK's referendum.

This year 219 English solicitors have been admitted to Ireland's Roll of Solicitors according to The Financial Times, compared with only 70 in 2015.


Ireland will be worst hit by Brexit according to the latest warning from European economists.

German think tank, the Ifo Institute, says Irish trade links with the UK make us more vulnerable than our EU neighbours.

Their claim is based on a survey of international experts who were asked if their country would be affected by Britain's exit from the European Union.

Their responses, on a scale of zero to 100, found that Ireland has the gloomiest outlook.

Brexit is expected to have a minimal impact on North America and the Middle East.