EU Apple Ruling Challenges Business-Friendly Ireland

The video discusses the complex tax dynamics between the US, Ireland, and the EU, focusing on how Ireland's business-friendly policies have attracted US tech giants, boosting its economy. However, this has led to tensions with the EU, which demands tax collection from these companies. The US is also concerned about losing potential tax revenue and is considering reforms, including a repatriation holiday, to address its corporate tax system.

Why is there pressure on the US to address its corporate tax system?

What is meant by a 'repatriation holiday' in the context of corporate tax?