Traditionally, much of the appeal of an Irish base was the ability to house a company’s intellectual property in Ireland. Tech companies then attribute a significant share of global sales and profits to that IP and so pay the 12.5pc rate rather than a higher tax in the nation where sales are made.
“They pay corporate tax on 3pc profit in America and Ireland announces a massive budget surplus for their 5m people."
https://www.telegraph.co.uk/business/2025/01/25/donald-trump-plan-crush-ireland-economic-miracle/
I have to give Trump credit if his administration actually follows through on this. While The Telegraph puts a negative spin on this in their headline, actually it's long overdue.
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