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Hillary Clinton has proposed to deter tax inversion deals - such as Pfizer's recent takeover of Allergan which will allow Pfizer to move its tax residency to Ireland to take advantage of the country's low taxes - by introducing an "exit tax" to ensure that everyone pays their "fair share."
She made specific reference to the recent pharmaceutical deal when announcing her intention to take tough action on the $1.1tn which US companies are holding 'offshore' in countries where they can minimise their tax liabilities.
If she becomes president of the United States she also intends to tighten inversion rules - currently when 20% of a company is owned by a foreign group’s shareholders the company can move, she wants to raise this limit to 50%.
Corporation tax is the main issue on the table as finance ministers meet today to discuss the possibility of establishing a common consolidated corporate tax base (CCCTB) and dealing with cross-border tax rulings.
The EU is currently moving towards integrating base erosion and profit shifting (BEPS) rules - this hopes to deal with the ongoing issue of corporations moving money between different tax systems to minimise tax payments.
It is understood that Ireland would oppose the introduction of BEPS rules which go beyond the current OECD framework.
Oil prices have continued to dip - falling again yesterday as the Organisation of Petroleum Exporting Countries (OPEC) maintained its current production level as it continues to put a price squeeze on producers in other regions - particularly in North America.
U.S. WTI crude oil futures traded at under $40 a barrel yesterday, while Brent oil futures fell to $42 a barrel - down by 4% since OPEC's meeting on Friday of last week.
The price of crude oil has fallen by 64% since June 2014 - Goldman Sachs has said that oil prices could fall as low as $20 as the global glut continues.
New homes which are purchased before the end of October 2019 will remain exempt from local property tax under a Government bill which is due to be passed into law in the coming days.
This would extend the exemption for an additional three years - it was originally meant to end in October of 2016.
The measure would mean that anyone who bought a newly built property since 2013 would remain exempt from the tax until at least 2020 - as would future buyers of new properties.