After a nail-biting conclusion to last week’s US presidential election, Joe Biden secured the US presidency, but the Democrats did not manage to win control of Congress. In the short-term, this is arguably the best possible combination from an Irish perspective. Biden’s economic plans can be broken down in terms of fiscal and industrial policy. On the fiscal side, there were a number of campaign pledges to increase both corporate and personal taxation (for higher earners). On the corporate side, Biden pledged to raise the corporate tax rate from its current level of 21 per cent to 28 per cent.…

Want to read the full story?

Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .