Microsoft, Hewlett-Packard Warn Ireland on Tax, Telegraph Says
The American Chamber of Commerce in Ireland warned the country that an increase in its corporate tax as part of a European Union and International Monetary rescue package may damage foreign investment, the Sunday Telegraph reported.
Executives from Microsoft Corp., Hewlett-Packard Co., Bank of America Corp. and Intel Corp. said a rise in the tax may damage Ireland’s “ability to win and retain investment,” the newspaper reported.
Advisors for the Irish government may have approached HSBC Holdings Plc and Royal Bank of Scotland Group Plc on Nov. 19 about buying stakes in either Allied Irish Banks Plc or Anglo Irish Bank Corp., the newspaper also reported, without saying how it obtained the information.
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