Yellen tries assuring Ireland it can still thrive without tax rate advantage

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In a move probably even more significant than the corporate rate increase, the deal will revamp global taxing authority to grant more taxable revenue to countries where large amounts of sales are occurring — rather than where company headquarters are located. That change is likely to benefit countries with big markets and lots of consumers, such as France, while hurting countries like Ireland, according to Seamus Coffey, an Irish economist at University College Cork.

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