Ireland leaves the door ajar for artful tax dodgers

The closure of Ireland's notorious corporate tax loophole comes as a global crackdown on tax avoidance gathers momentum, but other inventive strategies could be on the cards.

Ireland has finally bowed to international pressure and abolished every multinational’s favourite tax loophole, the "double Irish". But with the country’s best hope for prosperity being foreign investment, don’t be surprised if it comes up with some alternative tax incentives in the near future.

The double Irish is the most notorious of tax avoidance schemes, so-called because it enables multinationals to route profits through Ireland to tax havens.

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