The Double Irish: A One Minute Guide to Inversions

The video explains a controversial tax loophole used by US companies to minimize taxes. It involves licensing intellectual property to Irish companies, which then pay minimal taxes due to deductions. This strategy allows US multinationals to amass significant earnings offshore, impacting US tax revenue by up to $90 billion annually.

How does the tax loophole involving U.S. companies and Irish subsidiaries work?

Evaluate responses using AI:

OFF

What is the role of Uncle Sam's in the licensing of intellectual property?

Evaluate responses using AI:

OFF

Why do Irish companies like Lucky Clover Court and Blarney Court pay little to no taxes?

Evaluate responses using AI:

OFF

What was the total amount of earnings amassed by America's largest multinationals outside the US last year?

Evaluate responses using AI:

OFF

What is the estimated cost to the US due to this international tax system?

Evaluate responses using AI:

OFF