Sunday 28 May 2017

Top Donald Trump adviser warns that 'flood of companies' will leave Ireland

President-elect Donald Trump plans to make a number of changes to America's tax regime
President-elect Donald Trump plans to make a number of changes to America's tax regime

Brian Hutton

One of Donald Trump's top advisers has warned a "flood of companies" will leave Ireland under the president-elect's planned new tax regime.

Stephen Moore, senior economic advisor to Mr Trump, said the centrepiece plan of the new Washington administration was wooing back multinationals with radical business tax cuts.

"I believe that when we cut these tax rates - we're going to cut our business tax rate from roughly 35% down to roughly 15 to 20% - if you do that you are going to see a flood of companies leaving Ireland and Canada and Germany and France and they are going to come back to the United States," he said.

"It is going to have a very high impact on jobs."

Mr Moore, formerly a chief economist with US conservative think-tank the Heritage Foundation, said the effort to entice companies back from low corporate tax-rate countries would be central to boosting the US economy.

This was the "single most important thing for our country right now", he told BBC Radio 4's World At One.

A supporter of the far-right English Defence League group is restrained by police after shouting his views, and disrupting an anti-racism protest against U.S. President-elect Donald Trump winning the American election, outside the U.S. embassy in London, Wednesday, Nov. 9, 2016. (AP Photo/Matt Dunham)
A supporter of the far-right English Defence League group is restrained by police after shouting his views, and disrupting an anti-racism protest against U.S. President-elect Donald Trump winning the American election, outside the U.S. embassy in London, Wednesday, Nov. 9, 2016. (AP Photo/Matt Dunham)
People protest on the University of Connecticut campus against the election of Republican Donald Trump as President Wednesday, Nov. 9, 2016, in Storrs, Conn. (AP Photo/Pat Eaton-Robb)
Protesters walk in the middle of traffic lanes after Donald Trump's election victory, Tuesday, Nov. 8, 2016 in downtown, Portland, Ore. Portland police made no arrests during Tuesday night's post-election protest. (Stephanie Yao Long//The Oregonian via AP)
Protesters walk in the middle of traffic lanes after Donald Trump's election victory, Tuesday, Nov. 8, 2016 in downtown, Portland, Ore. Portland police made no arrests during Tuesday night's post-election protest. (Stephanie Yao Long//The Oregonian via AP)
Berkeley High School students assemble on the UC Berkeley campus in protest to the election of Republican Donald Trump as President of the United States in Berkeley, California, U.S. November 9, 2016. REUTERS/Elijah Nouvelage TEMPLATE OUT
A young man wearing a Berkeley High Class of 2016 shirt wipes away ters during a protest in response to the election of Republican Donald Trump as President of the United States in Berkeley, California, U.S. November 9, 2016. REUTERS/Elijah Nouvelage
Berkeley High School students begin to march after assembling in front of Sproul Hall on the UC Berkeley campus in protest to the election of Republican Donald Trump as President of the United States in Berkeley, California, U.S. November 9, 2016. REUTERS/Elijah Nouvelage
Alice Bynum (C) stands with other Berkeley High School staff members and holds a sign while attending a protest about the election of Republican Donald Trump as President of the United States in Berkeley, California, U.S. November 9, 2016. REUTERS/Elijah Nouvelage
Two young women hold up a sign reading "nasty women unite" in protest to the election of Republican Donald Trump as President of the United States in Berkeley, California, U.S. November 9, 2016. REUTERS/Elijah Nouvelage
Placards lay on the floor during an anti-racism protest against U.S. President-elect Donald Trump outside of the U.S. Embassy in London, Britain, November 9, 2016. Picture rotated 180 degrees. REUTERS/Hannah McKay
People hold placards at an anti-racism protest against U.S. President-elect Donald Trump outside of the U.S. Embassy in London, Britain, November 9, 2016. REUTERS/Hannah McKay
People hold placards at an anti-racism protest against U.S. President-elect Donald Trump outside of the U.S. Embassy in London, Britain, November 9, 2016. REUTERS/Hannah McKay
A supporter of the far-right English Defence League group is restrained by police during a protest against U.S. President-elect Donald Trump outside of the U.S. Embassy in London, Britain, November 9, 2016. REUTERS/Hannah McKay
A supporter of the far-right English Defence League group expresses his views to media during a protest against U.S. President-elect Donald Trump outside of the U.S. Embassy in London, Britain, November 9, 2016. REUTERS/Hannah McKay
People hold placards at an anti-racism protest against U.S. President-elect Donald Trump outside of the U.S. Embassy in London, Britain, November 9, 2016. REUTERS/Hannah McKay
People hold placards at an anti-racism protest against U.S. President-elect Donald Trump outside of the U.S. Embassy in London, Britain, November 9, 2016. REUTERS/Hannah McKay
A woman holds a placard at an anti-racism protest against U.S. President-elect Donald Trump outside of the U.S. Embassy in London, Britain, November 9, 2016. REUTERS/Hannah McKay
Demonstrators protest against the election of U.S. president-elect Donald Trump in front of the White House in Washington November 9, 2016. REUTERS/Kevin Lamarque
People hold placards at an anti-racism protest against U.S. President-elect Donald Trump outside of the U.S. Embassy in London, Britain, November 9, 2016. REUTERS/Hannah McKay
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A woman holds a placard at an anti-racism protest against U.S. President-elect Donald Trump outside of the U.S. Embassy in London, Britain, November 9, 2016. REUTERS/Hannah McKay
A man holds placards at an anti-racism protest against U.S. President-elect Donald Trump outside of the U.S Embassy in London, Britain, November 9, 2016. REUTERS/Hannah McKay
University of California, Davis students protest on campus in Davis, California, U.S. following the election of Donald Trump as President of the United States November 9, 2016. REUTERS/Max Whittaker/File Photo
A protester faces a police line in downtown Oakland, Calif., early Wednesday, Nov. 9, 2016. President-elect Donald TrumpÄôs victory set off multiple protests. (Jane Tyska/Bay Area News Group via AP)
Police officers walk past an overturned newspaper rack during protests in Oakland, Calif., late Tuesday, Nov. 8, 2016. President-elect Donald TrumpÄôs victory set off multiple protests. (Anda Chu/Bay Area News Group via AP)
Madeline Lopes, left, and Cassidy Irwin, both of Oakland, march with other protesters in downtown Oakland, Calif., early Wednesday, Nov. 9, 2016. President-elect Donald TrumpÄôs victory set off multiple protests. (Jane Tyska/Bay Area News Group via AP)
An Oakland police officer checks out damage after a window was broken by protesters at a car dealership in downtown Oakland, Calif., on Wednesday, Nov. 9, 2016. President-elect Donald TrumpÄôs victory set off multiple protests. (Jane Tyska/Bay Area News Group via AP)
A trash fire burns during protests in Oakland, Calif., late Tuesday, Nov. 8, 2016. President-elect Donald TrumpÄôs victory set off multiple protests. (Anda Chu/Bay Area News Group via AP)
A woman yells as she takes part in a protest against President-elect Donald Trump, Wednesday, Nov. 9, 2016, in Seattle's Capitol Hill neighborhood. (AP Photo/Ted S. Warren)
University of California, Davis students protest on campus in Davis, California, U.S. following the election of Donald Trump as President of the United States November 9, 2016. REUTERS/Max Whittaker

"There is no question about it, and we see day after day in this country that we are losing our businesses and our corporations," he said.

"They are effectively renouncing their US citizenship and they are moving to Canada, to Britain, to Ireland, to China and Mexico.

"That is a significant loss of jobs and we want to have the jobs here in the United States, we don't want to have them go abroad."

The remarks follow a 10-minute telephone conversation on Wednesday night between Mr Trump and Irish premier Enda Kenny, who said the president-elect praised his economic policy.

NEW YORK, NY - NOVEMBER 09: Republican president-elect Donald Trump delivers his acceptance speech during his election night event at the New York Hilton Midtown in the early morning hours of November 9, 2016 in New York City. Donald Trump defeated Democratic presidential nominee Hillary Clinton to become the 45th president of the United States. (Photo by Joe Raedle/Getty Images)
NEW YORK, NY - NOVEMBER 09: Republican president-elect Donald Trump delivers his acceptance speech during his election night event at the New York Hilton Midtown in the early morning hours of November 9, 2016 in New York City. Donald Trump defeated Democratic presidential nominee Hillary Clinton to become the 45th president of the United States. (Photo by Joe Raedle/Getty Images)
NEW YORK, NY - NOVEMBER 09: Republican president-elect Donald Trump delivers his acceptance speech during his election night event at the New York Hilton Midtown in the early morning hours of November 9, 2016 in New York City. Donald Trump defeated Democratic presidential nominee Hillary Clinton to become the 45th president of the United States. (Photo by Spencer Platt/Getty Images)
NEW YORK, NY - NOVEMBER 09: Republican president-elect Donald Trump delivers his acceptance speech during his election night event at the New York Hilton Midtown in the early morning hours of November 9, 2016 in New York City. (Photo by Mark Wilson/Getty Images)
Chairman of the Republican National Committee (RNC) Reince Priebus (R) hugs Republican presidential elect Donald Trump during election night at the New York Hilton Midtown in New York on November 9, 2016. / AFP PHOTO / JIM WATSONJIM WATSON/AFP/Getty Images
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Republican presidential elect Donald Trump (L) gestures next to his family as he arrives to speak during election night at the New York Hilton Midtown in New York
Republican president-elect Donald Trump embraces his wife Melania Trump during his election night event at the New York Hilton Midtown in the early morning hours of November 9, 2016 in New York City. Donald Trump defeated Democratic presidential nominee Hillary Clinton to become the 45th president of the United States. (Photo by Chip Somodevilla/Getty Images)
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Reince Priebus, chairman of the Republican National Committee, delivers a speech as Republican president-elect Donald Trump looks on during his election night event at the New York Hilton Midtown in the early morning hours of November 9, 2016 in New York City. Donald Trump defeated Democratic presidential nominee Hillary Clinton to become the 45th president of the United States. (Photo by Mark Wilson/Getty Images)
Republican presidential elect Donald Trump (L) arrives with his family on stage to speak during election night at the New York Hilton Midtown in New York on November 9, 2016. Trump stunned America and the world Wednesday, riding a wave of populist resentment to defeat Hillary Clinton in the race to become the 45th president of the United States. / AFP PHOTO / MANDEL NGANMANDEL NGAN/AFP/Getty Images
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People gather around Times Square to view televised results of the US presidential election on November 9, 2016 in New York. / AFP PHOTO / EDUARDO MUNOZ ALVAREZEDUARDO MUNOZ ALVAREZ/AFP/Getty Images
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"I had a very good conversation with the president-elect," said the Taoiseach.

"He understands Ireland very well, he was complimentary about the decisions made about the economy here.

"He is looking forward to doing business with Ireland and I asked him specifically about (St) Patrick's Day, he is looking forward to continuing that tradition over many years."

It is tradition for the Taoiseach to travel to Washington on March 17 to present the US president with a bowl of shamrocks, to symbolise close ties between the countries.

Mr Kenny said Mr Trump has invited him to the White House next year to continue the custom.

Earlier on Wednesday, Mr Kenny told the Irish parliament that "racist and dangerous" remarks made by Mr Trump during the election campaign were made in the "heat of battle".

In a softening of his outspoken rebuke from May, Mr Kenny said he would be happy to work with Mr Trump.

Weeks after making the comments, when asked if he would put that view to the then presidential hopeful in any future meeting, Mr Kenny added: "Certainly. I'd be very happy to."

But pressed again in the Dail hours after the US election result was announced, Mr Kenny appeared to relax his stance.

"I'd be happy to deal with the president in a very constructive way as he has announced to the world that his administration will work to heal the wounds in America, will work to have the American people unite and form partnerships with like-minded countries for opportunities for everybody," he said.

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